Equitable Holdings Q2 adjusted EPS beats estimates as AUM rises

Equitable Holdings

04/08/2026 21:52

Overview
US financial services group's Q2 adjusted EPS rose, beating analyst expectations
Company posted Q2 net loss of $453 mln
Assets under management rose 10% yr/yr to $1.2 trillion

Outlook
Equitable Holdings expects Corebridge merger to close by year-end 2026
Company maintains 2026 payout ratio target of 60-70%
Merger expected to be immediately accretive to EPS and cash generation, with 10%+ accretion by year-end 2028

Result Drivers
NET INFLOWS - Co said positive net inflows in Retirement, Wealth Management, and Asset Management segments contributed to growth
FAVORABLE MARKETS - Co attributed record assets under management to positive flows and favorable market conditions
FEE-BASED REVENUE - Retirement segment operating earnings rose mainly due to higher fee-based revenue and a lower tax rate

Company press release: ID:nBw9JH9tda

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Adjusted EPS
Beat
$1.70
$1.66 (12 Analysts)
Q2 Loss Per Share
 
$1.68
 
Q2 Net Loss
 
$453 mln
 
Q2 Adjusted Operating Earnings
 
$488 mln
 
Q2 Assets Under Management
 
$1.18 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 $60.00, about 25% above its August 3 closing price of $48.00
The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 5 three months ago

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(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.)