MetLife Inc reports results for the quarter ended June 30 - Earnings Summary

• MetLife Inc MET reported quarterly adjusted earnings of $2.02​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $2.28. The mean expectation of fourteen analysts for the quarter was for earnings of $2.15 per share. Wall Street expected results to range from $2.02 to $2.27 per share.

• Revenue fell 4.1% to $17.92 billion from a year ago; analysts expected $18.53 billion.

• MetLife Inc's reported EPS for the quarter was $1.03​.

• The company reported quarterly net income of $698 million.

• MetLife Inc shares had fallen by 6.9% this quarter and lost 8.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 7.6% in the last three months.​

• In the last 30 days, ten analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 13 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the life & health insurance peer group is also "buy"

• Wall Street's median 12-month price target for MetLife Inc is $94.00, about 19.2% above its last closing price of $75.95

This summary was machine generated from LSEG data August 6 at 09:47 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)