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

Voya Financial

01/05/2024 06:14

* Voya Financial Inc  VOYA.N  reported quarterly adjusted
earnings
of $1.77​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.69.  The mean expectation of fourteen analysts for the
quarter was for earnings of $1.61 per share. Wall Street
expected results to range from $1.50  to $1.71 per share.
    * Revenue rose 20.9% to $2.05 billion from a year ago;
analysts
expected $1.80 billion. 
    * Voya Financial Inc's reported EPS for the quarter was
$2.24​.
    * The company reported quarterly net income of $234 million.
    * Voya Financial Inc shares had fallen by 7.8% this
quarter and
lost 6.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12.4%
in the last three months.​ 
    * In the last 30 days, nine analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the diversified
investment services peer group is also "buy"

Wall Street's median 12-month price target for Voya Financial
Inc is $81.50 
This summary was machine generated from LSEG data May 1 at 05:14
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
 Mar. 31 2024      1.61           1.77           Beat
 Dec. 31 2023      1.82           1.63           Missed
 Sep. 30 2023      2.07           2.07           Met
 Jun. 30 2023      2.00           2.31           Beat