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

Equitable Holdings

31/10/2023 21:38

* Equitable Holdings Inc  EQH.N  reported quarterly adjusted
earnings of $1.15​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of $1.28.  The mean expectation of
fifteen analysts for the quarter was for earnings of $1.33 per
share. Wall Street expected results to range from $1.23 
to $1.55 per share.
    * Revenue rose 20.4% to $3.62 billion from a year ago;
analysts
expected $3.54 billion. 
    * Equitable Holdings Inc's reported EPS for the quarter was
$3.02​.
    * The company reported quarterly net income of $1.05
billion.
    * Equitable Holdings Inc shares had fallen by 7.4% this
quarter and lost 8.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.7%
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 12 "strong buy" or "buy," 3
"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 $35.00 
This summary was machine generated from LSEG data October 31 at
09:37 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      1.33           1.15           Missed
 Jun. 30 2023      1.18           1.17           Missed
 Mar. 31 2023      1.19           0.96           Missed
 Dec. 31 2022      1.26           1.11           Missed