Global insurance giant MetLife (NYSE: MET) will be reporting earnings this Wednesday after market hours. Here’s what to expect.
MetLife missed analysts’ revenue expectations by 3.9% last quarter, reporting revenues of $17.92 billion, down 4.1% year on year. It was a softer quarter for the company, with a significant miss of analysts’ revenue estimates and a significant miss of analysts’ book value per share estimates.
Is MetLife a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting MetLife’s revenue to grow 7.6% year on year to $18.95 billion, a reversal from the 3.4% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.32 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. MetLife has missed Wall Street’s revenue estimates four times over the last two years.
Looking at MetLife’s peers in the life insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Corebridge Financial posted flat year-on-year revenue, beating analysts’ expectations by 11.6%, and Prudential reported a revenue decline of 16.7%, topping estimates by 14.4%. Prudential traded up 1.8% following the results.
Read our full analysis of Corebridge Financial’s results here and Prudential’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the life insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.7% on average over the last month. MetLife is down 3.9% during the same time and is heading into earnings with an average analyst price target of $93.33 (compared to the current share price of $79.14).
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