Equitable Holdings Q1 adjusted EPS slightly beats estimates on retirement segment strength

Equitable Holdings

04/05/2026 21:29

Overview

US financial services firm's Q1 adjusted EPS beat analyst expectations, net income rose yr/yr

Company announced, on march 26th, all-stock merger with Corebridge Financial, creating a diversified financial institution

Returned $223 mln to shareholders via dividends and buybacks in Q1

Outlook

Equitable Holdings maintains 2026 guidance of $1.8 bln cash generation and over 15% EPS growth

Company remains committed to 60-70% payout ratio target for 2026

Merger with Corebridge expected to be immediately accretive to EPS and cash generation

Result Drivers

RETIREMENT INFLOWS - Retirement segment reported $1.3 bln in net inflows and a 10% increase in first-year premiums, with higher fee-based revenue and a lower tax rate supporting operating earnings

ASSET MANAGEMENT OUTFLOWS - Asset Management segment saw $7.1 bln in net outflows, mainly from active equities, but operating earnings rose due to growth in base fees and a higher ownership percentage of AB

WEALTH MANAGEMENT GROWTH - Wealth Management segment posted $2.0 bln in advisory net inflows and a 28% increase in assets under administration, supported by acquired assets from the Stifel transaction and higher advisor productivity

Company press release: ID:nBw27mGhVa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EPS
Beat
$1.62
$1.61 (14 Analysts)
Q1 EPS
$2.14
Q1 Net Income
$621 mln
Q1 Adjusted Operating Earnings
$472 mln
Q1 Assets Under Management
$1.09 trln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the diversified investment services peer group is "hold."

Wall Street's median 12-month price target for Equitable Holdings Inc is $58.00, about 37.5% above its May 1 closing price of $42.17

The stock recently traded at 5 times the next 12-month earnings vs. a P/E of 6 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)