Jackson Financial Inc reports results for the quarter ended in December - Earnings Summary

Jackson Financial

23/02/2024 03:30

* Jackson Financial Inc  JXN.N  reported quarterly adjusted
earnings of $2.53​​ per share for the quarter ended in December,
lower than the same quarter last year, when the company reported
EPS of $5.66.  The mean expectation of four analysts for the
quarter was for earnings of $3.46 per share. Wall Street
expected results to range from $3.30  to $3.58 per share.
    * Revenue rose 334.1% to $892.00 million from a year ago;
analysts
expected $1.64 billion. 
    * Jackson Financial Inc's reported EPS for the quarter was a
loss
of $19.64​.
    * The company reported a quarterly loss of $1.57 billion.
    * Jackson Financial Inc shares had fallen by 1.7% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
insurance
& brokers peer group is also "hold"

Wall Street's median 12-month price target for Jackson Financial
Inc is $52.00 
This summary was machine generated from LSEG data February 23 at
03:29 a.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
 Dec. 31 2023      3.46           2.53           Missed
 Sep. 30 2023      3.53           3.80           Beat
 Jun. 30 2023      3.50           3.34           Missed
 Mar. 31 2023      3.87           3.15           Missed