Manulife Financial (NYSE:MFC) will release its quarterly earnings report on Wednesday, 2024-11-06. Here's a brief overview for investors ahead of the announcement.
Analysts anticipate Manulife Financial to report an earnings per share (EPS) of $0.67.
The announcement from Manulife Financial is eagerly anticipated, with investors seeking news of surpassing estimates and favorable guidance for the next quarter.
It's worth noting for new investors that guidance can be a key determinant of stock price movements.
Overview of Past Earnings
During the last quarter, the company reported an EPS beat by $0.02, leading to a 2.57% increase in the share price on the subsequent day.
Here's a look at Manulife Financial's past performance and the resulting price change:
| Quarter | Q2 2024 | Q1 2024 | Q4 2023 | Q3 2023 |
|---|---|---|---|---|
| EPS Estimate | 0.65 | 0.67 | 0.63 | 0.610 |
| EPS Actual | 0.67 | 0.70 | 0.68 | 0.686 |
| Price Change % | 3.0% | 5.0% | 10.0% | 3.0% |
Market Performance of Manulife Financial's Stock
Shares of Manulife Financial were trading at $29.7 as of November 04. Over the last 52-week period, shares are up 66.34%. Given that these returns are generally positive, long-term shareholders are likely bullish going into this earnings release.
To track all earnings releases for Manulife Financial visit their earnings calendar on our site.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
