Earnings Preview: MetLife

MetLife (MET) is expected to report Q2 earnings after market close Tuesday, July 29 with a conference call scheduled for 8:00 am ET Wednesday, July 30.

Guidance

Analysts are looking for EPS of $1.51 on revenue of $13.89B. The consensus range for EPS is $1.45 to $1.56, while the consensus range for revenue is $12.33B to $14.47B, according to First Call.

Analyst Views

Several research firms recently released positive outlooks on MetLife. Friedman Billings reaffirmed their Outperform rating on the stock, while Banc of America on July 8 identified the stock as one of their top picks in the insurance industry, and added that they found the insurer's valuation attractive. Citigroup included MetLife in their annual TEN+ list for 2008-2009.