MetLife (NYSE:MET) is slated to report Q4 results on Wednesday, February 15 before the market open, with a conference call scheduled for 8:00 am ET.
Analysts are looking for EPS of $1.24 on revenue of $16.81B. The consensus range is $1.20-$1.28 for EPS, and $16.40B-$17.03B for revenue, according to First Call.
In a note to investors on February 6, Wells Fargo said that property and casualty insurers' earnings up to that point had indicated that the sector's outlook had improved. Along those lines, both Prudential (NYSE:PRU) and Hartford Financial (NYSE:HIG) reported higher than expected Q4 EPS. On the other hand, Bank of America wrote yesterday that life insurance companies must materially increase their cash returns to shareholders in order to increase their stock prices. Investors should assess whether life insurers have the financial resources they need to take this step, said the firm. Finally, in a move that likely pleased many investors, MetLife announced last month that it would exit its residential mortgage origination business. Investors may want to listen tomorrow for more details about how this move is affecting the company.