Equitable Holdings, Inc. (EQH) reported $3.64 billion in income for the quarter ended March 2024, representing a year-over-year enhance of 11.3%. EPS of $1.43 for a similar interval compares to $0.96 a yr in the past.
The reported income compares to the Zacks Consensus Estimate of $3.74 billion, representing a shock of -2.61%. The corporate delivered an EPS shock of +9.16%, with the consensus EPS estimate being $1.31.
Whereas traders scrutinize income and earnings modifications year-over-year and the way they examine with Wall Road expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
Since these metrics play an important function in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher venture a inventory’s worth efficiency.
Right here is how Equitable Holdings carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Road analysts:
- Particular person Retirement – Account Values – Whole – Internet flows: $1.65 billion in comparison with the $982.19 million common estimate based mostly on two analysts.
- Particular person Retirement – Account Values – Basic Account – Steadiness as of finish of interval: $57.26 billion in comparison with the $55.84 billion common estimate based mostly on two analysts.
- Particular person Retirement – Separate Accounts: $41.06 billion versus the two-analyst common estimate of $40.72 billion.
- Particular person Retirement – Whole Account Worth – EOP: $98.32 billion versus the two-analyst common estimate of $96.56 billion.
- Section revenues- Wealth Administration: $423 million versus $436.10 million estimated by three analysts on common.
- Section revenues- Funding Administration and Analysis: $1.09 billion versus $1.05 billion estimated by three analysts on common.
- Section revenues- Company and Different: $246 million in comparison with the $284.67 million common estimate based mostly on three analysts.
- Section revenues- Legacy: $210 million in comparison with the $196.31 million common estimate based mostly on three analysts.
- Particular person Retirement- Internet funding revenue (loss): $510 million versus the two-analyst common estimate of $502.10 million.
- Particular person Retirement- Internet spinoff beneficial properties (losses): -$5 million in comparison with the -$5.65 million common estimate based mostly on two analysts.
- Particular person Retirement- Funding administration, service charges and different revenue: $87 million versus the two-analyst common estimate of $99.06 million.
- Group Retirement- Coverage costs, charge revenue and premiums: $73 million versus the two-analyst common estimate of $71.75 million.
View all Key Company Metrics for Equitable Holdings here>>>
Shares of Equitable Holdings have returned +0.1% over the previous month versus the Zacks S&P 500 composite’s -2.5% change. The inventory presently has a Zacks Rank #3 (Maintain), indicating that it may carry out in step with the broader market within the close to time period.
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