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Countdown to Prudential (PRU) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
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Wall Street analysts expect Prudential (PRU - Free Report) to post quarterly earnings of $3.32 per share in its upcoming report, which indicates a year-over-year decline of 22.1%. Revenues are expected to be $13.96 billion, down 14% from the year-ago quarter.
The current level reflects a downward revision of 9.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Prudential metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Total Revenues- Adjusted Operating Income (Loss) basis- Policy charges and fee income' stands at $1.15 billion. The estimate suggests a change of +2.1% year over year.
Analysts' assessment points toward 'Total Revenues- Adjusted Operating Income (Loss) basis- Premiums' reaching $6.66 billion. The estimate indicates a year-over-year change of -23.4%.
The collective assessment of analysts points to an estimated 'Total Revenues- Adjusted Operating Income (Loss) basis- Net investment income' of $5.10 billion. The estimate indicates a year-over-year change of +4.7%.
According to the collective judgment of analysts, 'Total Revenues- Corporate and Other' should come in at $85.69 million. The estimate indicates a change of -19.9% from the prior-year quarter.
Based on the collective assessment of analysts, 'Total Revenues- International Businesses' should arrive at $4.24 billion. The estimate suggests a change of -7.8% year over year.
The combined assessment of analysts suggests that 'Total Revenues- U.S. Businesses- Group Insurance' will likely reach $1.74 billion. The estimate suggests a change of +3% year over year.
The average prediction of analysts places 'Total Revenues- PGIM' at $1.08 billion. The estimate points to a change of -1.6% from the year-ago quarter.
Analysts forecast 'Total Revenues- U.S. Businesses- Individual Life' to reach $1.21 billion. The estimate indicates a change of -22.9% from the prior-year quarter.
It is projected by analysts that the 'Assets Under Management and Administration - PGIM - Institutional customers - Third Party' will reach $659.38 billion. The estimate compares to the year-ago value of $654.90 billion.
The consensus among analysts is that 'Assets Under Management and Administration - PGIM - Retail customers - Third Party' will reach $283.54 billion. The estimate is in contrast to the year-ago figure of $265.20 billion.
Analysts predict that the 'Assets Under Management and Administration - PGIM - Affiliated' will reach $541.25 billion. The estimate compares to the year-ago value of $549.90 billion.
Analysts expect 'Assets Under Management and Administration - PGIM - Total' to come in at $1484.61 billion. Compared to the current estimate, the company reported $1470.00 billion in the same quarter of the previous year.
Shares of Prudential have demonstrated returns of +1.6% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #5 (Strong Sell), PRU is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Countdown to Prudential (PRU) Q3 Earnings: A Look at Estimates Beyond Revenue and EPS
Wall Street analysts expect Prudential (PRU - Free Report) to post quarterly earnings of $3.32 per share in its upcoming report, which indicates a year-over-year decline of 22.1%. Revenues are expected to be $13.96 billion, down 14% from the year-ago quarter.
The current level reflects a downward revision of 9.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Prudential metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Total Revenues- Adjusted Operating Income (Loss) basis- Policy charges and fee income' stands at $1.15 billion. The estimate suggests a change of +2.1% year over year.
Analysts' assessment points toward 'Total Revenues- Adjusted Operating Income (Loss) basis- Premiums' reaching $6.66 billion. The estimate indicates a year-over-year change of -23.4%.
The collective assessment of analysts points to an estimated 'Total Revenues- Adjusted Operating Income (Loss) basis- Net investment income' of $5.10 billion. The estimate indicates a year-over-year change of +4.7%.
According to the collective judgment of analysts, 'Total Revenues- Corporate and Other' should come in at $85.69 million. The estimate indicates a change of -19.9% from the prior-year quarter.
Based on the collective assessment of analysts, 'Total Revenues- International Businesses' should arrive at $4.24 billion. The estimate suggests a change of -7.8% year over year.
The combined assessment of analysts suggests that 'Total Revenues- U.S. Businesses- Group Insurance' will likely reach $1.74 billion. The estimate suggests a change of +3% year over year.
The average prediction of analysts places 'Total Revenues- PGIM' at $1.08 billion. The estimate points to a change of -1.6% from the year-ago quarter.
Analysts forecast 'Total Revenues- U.S. Businesses- Individual Life' to reach $1.21 billion. The estimate indicates a change of -22.9% from the prior-year quarter.
It is projected by analysts that the 'Assets Under Management and Administration - PGIM - Institutional customers - Third Party' will reach $659.38 billion. The estimate compares to the year-ago value of $654.90 billion.
The consensus among analysts is that 'Assets Under Management and Administration - PGIM - Retail customers - Third Party' will reach $283.54 billion. The estimate is in contrast to the year-ago figure of $265.20 billion.
Analysts predict that the 'Assets Under Management and Administration - PGIM - Affiliated' will reach $541.25 billion. The estimate compares to the year-ago value of $549.90 billion.
Analysts expect 'Assets Under Management and Administration - PGIM - Total' to come in at $1484.61 billion. Compared to the current estimate, the company reported $1470.00 billion in the same quarter of the previous year.
View all Key Company Metrics for Prudential here>>>Shares of Prudential have demonstrated returns of +1.6% over the past month compared to the Zacks S&P 500 composite's +0.9% change. With a Zacks Rank #5 (Strong Sell), PRU is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .