Equitable Holdings Inc reports results for the quarter ended in December - Earnings Summary

Equitable Holdings

07/02/2024 03:19

* Equitable Holdings Inc  EQH.N  reported quarterly adjusted
earnings of $1.33​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $1.11.  The mean expectation of
fourteen analysts for the quarter was for earnings of $1.16 per
share. Wall Street expected results to range from $1.05 
to $1.30 per share.
    * Revenue rose 14.5% to $2.17 billion from a year ago;
analysts
expected $3.53 billion. 
    * Equitable Holdings Inc's reported EPS for the quarter was
a loss
of $2.15​.
    * The company reported a quarterly loss of $724 million.
    * Equitable Holdings Inc shares had fallen by 1.9% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.1%
in the last three months.​ 
    * In the last 30 days, ten analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
investment services peer group is also "buy"

Wall Street's median 12-month price target for Equitable
Holdings Inc is $40.50 
This summary was machine generated from LSEG data February 7 at
03:19 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      1.16           1.33           Beat
 Sep. 30 2023      1.33           1.15           Missed
 Jun. 30 2023      1.18           1.17           Missed
 Mar. 31 2023      1.19           0.96           Missed