Here is What to Know Beyond Why Globe Life Inc. (GL) is a Trending Stock

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Here is What to Know Beyond Why Globe Life Inc. (GL) is a Trending Stock

Zacks05-02

Globe Life (GL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Over the ...

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So, you might want to look at some of the facts that could shape the stock's performance in the near term.\nOver the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/know-beyond-why-globe-life-130015151.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Here is What to Know Beyond Why Globe Life Inc. 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(GL) is a Trending Stock\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-05-02 21:00 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/know-beyond-why-globe-life-130015151.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Globe Life (GL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.\nOver the ...</p>\n\n<a href=\"https://finance.yahoo.com/news/know-beyond-why-globe-life-130015151.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"GL","symbol_name":"Globe Life Inc.","start_time":0,"source_url":"https://finance.yahoo.com/news/know-beyond-why-globe-life-130015151.html","article_id":"2432660074","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/e0VWXB5.wUFiKGuJPPpLzg--~B/aD02MDA7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/a7cdcede0bb5a646be035f4a7e678781"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2432660074","pubTimestamp":1714654815,"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Globe Life  has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.Over the past month, shares of this life and health insurance company have returned -28.3%, compared to the Zacks S&P 500 composite's -4.2% change. During this period, the Zacks Financial - Miscellaneous Services industry, which Globe Life falls in, has lost 3.9%. The key question now is: What could be the stock's future direction?Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increas","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"GL":"Globe Life Inc.","SG9999014005.SGD":"United Global Durable Equities Fund Acc SGD","SG9999014013.SGD":"United Global Durable Equities Fund Dis SGD","BK4585":"ETF&股票定投概念","BK4559":"巴菲特持仓","BK4162":"人寿与健康保险","BK4588":"碎股","SG9999014021.USD":"UNITED GLOBAL DURABLE EQUITIES (USDHDG) ACC","BYON":"BEYOND","BK4178":"家庭装饰零售"},"translate_title":"除了为什么环球人寿公司（Globe Life Inc.）是一只趋势股票之外，还需要了解以下几点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"BYON":1,"GL":1},"content_text":"Globe Life (GL) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.\nOver the past month, shares of this life and health insurance company have returned -28.3%, compared to the Zacks S&P 500 composite's -4.2% change. During this period, the Zacks Financial - Miscellaneous Services industry, which Globe Life falls in, has lost 3.9%. The key question now is: What could be the stock's future direction?\nAlthough media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.\nRevisions to Earnings Estimates\nRather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.\nOur analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.\nGlobe Life is expected to post earnings of $2.89 per share for the current quarter, representing a year-over-year change of +10.7%. Over the last 30 days, the Zacks Consensus Estimate has changed +0.4%.\nFor the current fiscal year, the consensus earnings estimate of $11.72 points to a change of +10.1% from the prior year. Over the last 30 days, this estimate has changed +1.3%.\nFor the next fiscal year, the consensus earnings estimate of $12.84 indicates a change of +9.6% from what Globe Life is expected to report a year ago. Over the past month, the estimate has changed +2.7%.\nHaving a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Globe Life is rated Zacks Rank #3 (Hold).\nThe chart below shows the evolution of the company's forward 12-month consensus EPS estimate:\n12 Month EPS\n\nRevenue Growth Forecast\nWhile earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.\nFor Globe Life, the consensus sales estimate for the current quarter of $1.45 billion indicates a year-over-year change of +5.8%. For the current and next fiscal years, $5.83 billion and $6.1 billion estimates indicate +5.8% and +4.6% changes, respectively.\nLast Reported Results and Surprise History\nGlobe Life reported revenues of $1.4 billion in the last reported quarter, representing a year-over-year change of +3.9%. EPS of $2.78 for the same period compares with $2.53 a year ago.\nCompared to the Zacks Consensus Estimate of $1.43 billion, the reported revenues represent a surprise of -1.65%. The EPS surprise was -0.71%.\nOver the last four quarters, Globe Life surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.\nValuation\nNo investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.\nComparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.\nAs part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.\nGlobe Life is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.\nBottom Line\nThe facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Globe Life. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nGlobe Life Inc. (GL) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":0},"commentList":[],"hasMoreComments":false,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false}}