Principal Financial (PFG - Free Report) reported $3.48 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 1%. EPS of $1.72 for the same period compares to $1.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.58 billion, representing a surprise of -2.91%. The company delivered an EPS surprise of +4.24%, with the consensus EPS estimate being $1.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Principal Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Principal Asset Management Segment - Principal International - AUM, end of period: $136.3 billion versus $168.47 billion estimated by four analysts on average.
- Retirement and Income Solutions Segment - Account Values, end of period: $472.10 versus the four-analyst average estimate of $607.04.
- Principal Asset Management Segment - Principal Global Investors - AUM, end of period: $469 billion versus the four-analyst average estimate of $478.03 billion.
- Revenue- Net investment income: $989.20 million versus $1.02 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.
- Revenue- Premiums and other considerations: $1.46 billion versus the five-analyst average estimate of $1.56 billion. The reported number represents a year-over-year change of -1.9%.
- Revenue- Fees and other revenues: $1.05 billion compared to the $1 billion average estimate based on five analysts. The reported number represents a change of +3% year over year.
- Revenue- Principal Asset Management Segment- Principal Global Investors- Total: $424.60 million versus the four-analyst average estimate of $397.60 million. The reported number represents a year-over-year change of +4.6%.
- Revenue- Retirement and Income Solutions: $1.65 billion versus $1.69 billion estimated by four analysts on average.
- Revenue- Benefits and Protection Segment- Specialty Benefits- Net Investment Income: $45.60 million versus $42.14 million estimated by four analysts on average.
- Revenue- Benefits and Protection Segment- Specialty Benefits- Total: $816.60 million versus $783.54 million estimated by four analysts on average.
- Revenue- Retirement and Income Solutions Segment- Net investment income: $672.20 million versus the four-analyst average estimate of $643.34 million.
- Revenue- Principal Asset Management Segment- Principal International- Net investment income: $130.80 million compared to the $226.19 million average estimate based on four analysts.
View all Key Company Metrics for Principal Financial here>>>Shares of Principal Financial have returned -7.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Principal Financial (PFG - Free Report) reported $3.48 billion in revenue for the quarter ended September 2023, representing a year-over-year increase of 1%. EPS of $1.72 for the same period compares to $1.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.58 billion, representing a surprise of -2.91%. The company delivered an EPS surprise of +4.24%, with the consensus EPS estimate being $1.65.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Principal Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Principal Asset Management Segment - Principal International - AUM, end of period: $136.3 billion versus $168.47 billion estimated by four analysts on average.
- Retirement and Income Solutions Segment - Account Values, end of period: $472.10 versus the four-analyst average estimate of $607.04.
- Principal Asset Management Segment - Principal Global Investors - AUM, end of period: $469 billion versus the four-analyst average estimate of $478.03 billion.
- Revenue- Net investment income: $989.20 million versus $1.02 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +8.9% change.
- Revenue- Premiums and other considerations: $1.46 billion versus the five-analyst average estimate of $1.56 billion. The reported number represents a year-over-year change of -1.9%.
- Revenue- Fees and other revenues: $1.05 billion compared to the $1 billion average estimate based on five analysts. The reported number represents a change of +3% year over year.
- Revenue- Principal Asset Management Segment- Principal Global Investors- Total: $424.60 million versus the four-analyst average estimate of $397.60 million. The reported number represents a year-over-year change of +4.6%.
- Revenue- Retirement and Income Solutions: $1.65 billion versus $1.69 billion estimated by four analysts on average.
- Revenue- Benefits and Protection Segment- Specialty Benefits- Net Investment Income: $45.60 million versus $42.14 million estimated by four analysts on average.
- Revenue- Benefits and Protection Segment- Specialty Benefits- Total: $816.60 million versus $783.54 million estimated by four analysts on average.
- Revenue- Retirement and Income Solutions Segment- Net investment income: $672.20 million versus the four-analyst average estimate of $643.34 million.
- Revenue- Principal Asset Management Segment- Principal International- Net investment income: $130.80 million compared to the $226.19 million average estimate based on four analysts.
View all Key Company Metrics for Principal Financial here>>>Shares of Principal Financial have returned -7.1% over the past month versus the Zacks S&P 500 composite's -3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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