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

Principal Financial

26/04/2024 16:53

* Principal Financial Group Inc  PFG.OQ  reported quarterly
adjusted earnings of $1.65​​ per share for the quarter ended in
March, higher than the same quarter last year, when the company
reported EPS of $1.48.  The mean expectation of
thirteen analysts for the quarter was for earnings of $1.73 per
share. Wall Street expected results to range from $1.62 
to $1.89 per share.
    * Revenue rose 10.6% to $3.80 billion from a year ago;
analysts
expected $3.68 billion. 
    * Principal Financial Group Inc's reported EPS for the
quarter was
$2.22​.
    * The company reported quarterly net income of $532.5
million.
    * Principal Financial Group Inc shares had fallen by 6.1%
this
quarter and gained 3.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 12
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the investment
management & fund operators peer group is also "hold"

Wall Street's median 12-month price target for Principal
Financial Group Inc is $86.00 
This summary was machine generated from LSEG data April 26 at
03:53 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      1.73           1.65           Missed
 Dec. 31 2023      1.68           1.83           Beat
 Sep. 30 2023      1.62           1.72           Beat
 Jun. 30 2023      1.65           1.53           Missed