MetLife, Inc. (NYSE:MET) is reporting third quarter financial results on Wednesday 4th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, MET is expected to report 3Q20 income of $ 1.61 per share from revenue of $ 16000.90 million.
For the full year, analysts anticipate top line of $ 61956.90 million, while looking forward to income of $ 5.49 per share bottom line.
Previous Quarter Performance
MetLife, Inc. came out with income for the second quarter of $ 0.83 per share, from the revenue of $ 13,845.00 million. Wall street analysts are predicting, MET to report 2Q20 income of $ 0.90 per share from revenue of $ 15080.00 million. The bottom line results missed street analysts by $ 0.07 or 7.78 percent, at the same time, top line results fell short of analysts by $ 1 million or 8.19 percent.
Stock Performance
Shares of MetLife, Inc. traded up $ 1.27 or 3.28 percent on Tuesday, reaching $ 39.97 with volume of 5.85 million shares. MetLife, Inc. has traded high as $ 40.31 and has cracked $ 39.32 on the downward trend
According to the previous trading day, closing price of $ 39.97, representing a 69.37 % increase from the 52 week low of $ 22.85 and a 27.36 % decrease over the 52 week high of $ 53.28.
The company has a market capital of $ 36.28 billion and is part of the Financial Services sector and Insurance – Life industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Morgan Stanley at Overweight rating, with $ 47.00 target price.
MetLife, Inc. engages in the insurance, annuities, employee benefits, and asset management businesses. It operates through five segments: U.S.; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings.
