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

Jackson Financial

09/05/2024 18:34

* Jackson Financial Inc  JXN.N  reported quarterly adjusted
earnings of $4.23​​ per share for the quarter ended in March,
higher than the same quarter last year, when the company
reported EPS of $3.15.  The mean expectation of four analysts
for the quarter was for earnings of $3.75 per share. Wall Street
expected results to range from $3.60  to $3.95 per share.
    * Revenue rose 119.9% to $149.00 million from a year ago;
analysts
expected $1.67 billion. 
    * Jackson Financial Inc's reported EPS for the quarter was
$9.94​.
    * The company reported quarterly net income of $784 million.
    * Jackson Financial Inc shares had risen by 11.0% this
quarter and
gained 43.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.3%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"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 $75.00 
This summary was machine generated from LSEG data May 9 at 05:34
p.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
 Mar. 31 2024      3.75           4.23           Beat
 Dec. 31 2023      3.46           2.53           Missed
 Sep. 30 2023      3.53           3.80           Beat
 Jun. 30 2023      3.50           3.34           Missed