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

Equitable Holdings

31/07/2024 24:16

* Equitable Holdings Inc  EQH.N  reported quarterly adjusted
earnings of $1.43​​ per share for the quarter ended in January,
higher than the same quarter last year, when the company
reported EPS of $1.17.  The mean expectation of
thirteen analysts for the quarter was for earnings of $1.40 per
share. Wall Street expected results to range from $1.32 
to $1.48 per share.
    * Revenue rose 22.4% to $3.62 billion from a year ago;
analysts
expected $3.81 billion. 
    * Equitable Holdings Inc's reported EPS for the quarter was
$1.23​.
    * The company reported quarterly net income of $402 million.
    * Equitable Holdings Inc shares had risen by 5.0% this
quarter and
gained 28.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.7%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," 5
"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 $45.00 
This summary was machine generated from LSEG data July 30 at
11:16 p.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
 Jun. 30 2024      1.40           1.43           Beat
 Mar. 31 2024      1.33           1.43           Beat
 Dec. 31 2023      1.16           1.33           Beat
 Sep. 30 2023      1.33           1.15           Missed