For its first fiscal quarter (ending March 31), Lincoln National Corp (NYSE: LNC) has reported E.P.S. of $6.98 compared to $-5.35 a year ago. This result exceeded the consensus estimate of $1.61 by $5.37. E.P.S. were $7.40 for the latest four quarters through March 31 versus $-6.11 for the same period a year ago.
Recent Price Action
On 5/2/24, Lincoln National Corp (NYSE: LNC) stock declined by -2.7%, closing at $26.93. Moreover, trading volume in this decline was exceptionally high at 216% of normal. Relative to the market the stock has been strong over the last nine months but has declined -6.0% during the last week.
Current PriceTarget Research Rating
LNC is expected to be a major Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.
Lincoln National has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Lincoln National has a slightly positive Power Rating of 69 and a good Appreciation Score of 73, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
Be the first to comment