Aflac Inc. (AFL)

Aflac Inc. (AFL) stock dropped by 9.65% due to the company's quarterly earnings falling short of expectations. Here are the key details:

• Earnings Disappointment: Aflac reported quarterly earnings of $1.25 per share, which missed the Zacks Consensus Estimate of $1.47 per share. This marks a decline from the previous year's earnings of $1.29 per share. These figures have been adjusted to exclude non-recurring items.
• Earnings Surprise and History: The quarterly earnings report represents a negative earnings surprise of -14.97%. In the previous quarter, the market had anticipated earnings of $1.44 per share, but Aflac surpassed expectations by producing earnings of $1.84 per share, resulting in a positive surprise of 27.78%. Over the last four quarters, the company has exceeded consensus earnings-per-share (EPS) estimates three times.
• Revenue Decline: Aflac's quarterly revenues for December 2023 totaled $3.78 billion, falling short of the Zacks Consensus Estimate by 14.97%. This compares to revenues of $4.01 billion in the same period the previous year. Notably, the company has exceeded consensus revenue estimates three times in the past four quarters.