StanCorp Financial Group, Inc. SFG held a conference call today to discuss Q4 earnings, Wells Fargo reports.
“Last night, SFG reported operating EPS of $1.14 versus our estimate of $1.25,” Wells Fargo writes. “We are lowering our 2011 operating EPS estimate to $4.95 from $5.26. Our new 2011 estimate sits at the midpoint of SFG's guidance of $4.80 to $5.10.
“We are also lowering our 2012 operating EPS estimate to $5.35 from $5.81. We believe today's share price is a reaction to the earnings miss and lower-than expected guidance. We do not believe a read-through to the larger life insurance sector is warranted, as SFG's issues are limited to the group insurance market targeted by StanCorp.”
StanCorp Financial Group currently trades at $44.75.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in