Equitable Holdings Q3 EPS misses estimates

Equitable Holdings

04/11/2025 21:28

Overview

Equitable Holdings reports Q3 net loss of $1.3 bln due to life reinsurance impact

Adjusted EPS for Q3 misses analyst expectations

Assets under management rose 7% yr/yr to $1.1 trillion

Outlook

Equitable Holdings maintains confidence in achieving 2027 financial targets

Company plans $1.5 bln capital deployment for growth and shareholder value

Equitable Holdings sees favorable market conditions supporting growth

Result Drivers

REINSURANCE IMPACT - Net loss driven by one-time impact from life reinsurance transaction

NET INFLOWS - Strong net inflows in Retirement and Wealth Management segments contributed to AUM growth

CAPITAL DEPLOYMENT - $1.5 bln capital deployment for shareholder value and growth, including buybacks and debt repayment

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Adjusted EPS
Miss
$1.48
$1.67 (9 Analysts)
Q3 EPS
-$4.47
Q3 Net Income
-$1.30 bln
Q3 Adjusted Operating Earnings
$455 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

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

Wall Street's median 12-month price target for Equitable Holdings Inc is $64.00, about 23.8% above its November 3 closing price of $48.79

The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release: ID:nBw5pvf4wa

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