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Compared to Estimates, Voya (VOYA) Q3 Earnings: A Look at Key Metrics
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Voya Financial (VOYA - Free Report) reported $289 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.9%. EPS of $2.12 for the same period compares to $2.07 a year ago.
The reported revenue represents a surprise of -9.11% over the Zacks Consensus Estimate of $317.98 million. With the consensus EPS estimate being $2.05, the EPS surprise was +3.41%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Voya performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total AUM and AUA - Wealth Solutions: $608.49 billion compared to the $595.15 billion average estimate based on three analysts.
Client Assets - Wealth Solutions - Full Service: $208.98 billion compared to the $204.92 billion average estimate based on three analysts.
Client Assets - Wealth Solutions - Recordkeeping: $335.77 billion compared to the $328.80 billion average estimate based on three analysts.
Client Assets - Wealth Solutions - Defined Contribution Investment-only SV: $34.74 billion versus $33.64 billion estimated by three analysts on average.
Revenues- Fee income: $540 million versus $559.42 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.
Revenues- Premiums: $796 million versus the four-analyst average estimate of $793.83 million. The reported number represents a year-over-year change of +16.7%.
Revenues- Net investment income: $506 million compared to the $473.40 million average estimate based on four analysts. The reported number represents a change of -7.5% year over year.
Adjusted Operating Revenues- Investment Management - Total: $243 million versus the four-analyst average estimate of $236.81 million. The reported number represents a year-over-year change of +4.3%.
Adjusted Operating Revenues- Investment Management - Fee income: $238 million versus $228.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
Adjusted Operating Revenues- Investment Management - Net investment income and net gains (losses): $4 million compared to the $7.35 million average estimate based on four analysts. The reported number represents a change of -42.9% year over year.
Adjusted Operating Revenues- Health Solutions - Other revenue: $52 million versus $54.50 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
Adjusted Operating Revenues- Health Solutions - Total: $892 million versus the two-analyst average estimate of $883.70 million. The reported number represents a year-over-year change of +16.2%.
Shares of Voya have remained unchanged over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Compared to Estimates, Voya (VOYA) Q3 Earnings: A Look at Key Metrics
Voya Financial (VOYA - Free Report) reported $289 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 2.9%. EPS of $2.12 for the same period compares to $2.07 a year ago.
The reported revenue represents a surprise of -9.11% over the Zacks Consensus Estimate of $317.98 million. With the consensus EPS estimate being $2.05, the EPS surprise was +3.41%.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Voya performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total AUM and AUA - Wealth Solutions: $608.49 billion compared to the $595.15 billion average estimate based on three analysts.
- Client Assets - Wealth Solutions - Full Service: $208.98 billion compared to the $204.92 billion average estimate based on three analysts.
- Client Assets - Wealth Solutions - Recordkeeping: $335.77 billion compared to the $328.80 billion average estimate based on three analysts.
- Client Assets - Wealth Solutions - Defined Contribution Investment-only SV: $34.74 billion versus $33.64 billion estimated by three analysts on average.
- Revenues- Fee income: $540 million versus $559.42 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +10.4% change.
- Revenues- Premiums: $796 million versus the four-analyst average estimate of $793.83 million. The reported number represents a year-over-year change of +16.7%.
- Revenues- Net investment income: $506 million compared to the $473.40 million average estimate based on four analysts. The reported number represents a change of -7.5% year over year.
- Adjusted Operating Revenues- Investment Management - Total: $243 million versus the four-analyst average estimate of $236.81 million. The reported number represents a year-over-year change of +4.3%.
- Adjusted Operating Revenues- Investment Management - Fee income: $238 million versus $228.79 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +6.3% change.
- Adjusted Operating Revenues- Investment Management - Net investment income and net gains (losses): $4 million compared to the $7.35 million average estimate based on four analysts. The reported number represents a change of -42.9% year over year.
- Adjusted Operating Revenues- Health Solutions - Other revenue: $52 million versus $54.50 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +2% change.
- Adjusted Operating Revenues- Health Solutions - Total: $892 million versus the two-analyst average estimate of $883.70 million. The reported number represents a year-over-year change of +16.2%.
View all Key Company Metrics for Voya here>>>Shares of Voya have remained unchanged over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.