Horace Mann (HMN) Q1 Earnings Surpass Estimates

By Zacks7 days ago

Horace Mann (HMN) came out with quarterly earnings of $1.10 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.78 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 44.74%. A quarter ago, it was expected that this provider of auto and homeowners' insurance for teachers and other educators would post earnings of $0.92 per share when it actually produced earnings of $1.13, delivering a surprise of 22.83%.

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Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Horace Mann, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $322 million for the quarter ended March 2021, missing the Zacks Consensus Estimate by 1.50%. This compares to year-ago revenues of $307.3 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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