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

Voya Financial

01/11/2023 16:21

* Voya Financial Inc  VOYA.N  reported quarterly adjusted
earnings
of $2.07​​ per share for the quarter ended in September, lower
than the same quarter last year, when the company reported EPS
of $2.30.  The mean expectation of fifteen analysts for the
quarter was for earnings of $2.07 per share. Wall Street
expected results to range from $1.90  to $2.18 per share.
    * Revenue rose 35% to $1.82 billion from a year ago;
analysts
expected $1.73 billion. 
    * Voya Financial Inc's reported EPS for the quarter was
$2.30​.
    * The company reported quarterly net income of $248 million.
    * Voya Financial Inc shares had risen by 0.5% this
quarter and
gained 8.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.9%
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 12 "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 $83.50 
This summary was machine generated from LSEG data November 1 at
04:21 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.07           2.07           Met
 Jun. 30 2023      2.00           2.31           Beat
 Mar. 31 2023      1.71           1.69           Missed
 Dec. 31 2022      1.55           2.18           Beat