Sun Life Financial Inc (NYSE: SLF) has reported earnings for its third fiscal quarter (ending September 30) of $1.49 versus $0.19 for the same period a year ago — an increase of 684%. This result exceeded the consensus estimate of $1.15 by $0.34. For the latest four quarters through September 30, E.P.S. were $5.60 compared to $4.75 a year ago — an increase of 18%.
Recent Price Action
Sun Life Financial Inc (NYSE: SLF) stock closed at $47.84 on 11/13/23 after a modest gain of 0.4%. The stock is unchanged during the last week but has been strong relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SLF is expected to continue to be an important Value Builder.
Sun Life Financial has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Sun Life Financial has a slightly negative Appreciation Score of 38 but a good Power Rating of 70, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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