Lincoln National Corporation (NYSE:LNC) is expected to report third quarter earnings results, after market close, on Wednesday 4th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.03 per share.
Looking ahead, the full year income are expected at $ 7.48 per share on the revenues of $ 17831.20 million.
Previous Quarter Performance
Lincoln National Corporation unwinded income for the second quarter of $ 0.97 per share, from the revenue of $ 4,209.00 million. According to street consensus, LNC was expected to report 2Q20 income of $ 1.39 per share from revenue of $ 4430.00 million. The bottom line results missed street analysts by $ 0.42 or 30.22 percent, at the same time, top line results fell short of analysts by $ 221 million or 4.99 percent.
Stock Performance
Shares of Lincoln National Corporation traded up $ 1.02 or 2.80 percent on Tuesday, reaching $ 37.39 with volume of 1.99 million shares. Lincoln National Corporation has traded high as $ 38.28 and has cracked $ 37.03 on the downward trend
According to the previous trading day, closing price of $ 37.39, representing a 125.76 % increase from the 52 week low of $ 16.11 and a 41.75 % decrease over the 52 week high of $ 62.44.
The company has a market capital of $ 7.23 billion and is part of the Financial Services sector and Insurance – Life industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 46.00 target price.
Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.
