Jackson Monetary (JXN) reported $-322 million in income for the quarter ended March 2024, representing a year-over-year decline of 57%. EPS of $4.23 for a similar interval compares to $3.15 a 12 months in the past.
The reported income represents a shock of -119.18% over the Zacks Consensus Estimate of $1.68 billion. With the consensus EPS estimate being $3.67, the EPS shock was +15.26%.
Whereas traders carefully watch year-over-year adjustments in headline numbers — income and earnings — and the way they examine to Wall Avenue expectations to find out their subsequent plan of action, some key metrics at all times present a greater perception into an organization’s underlying efficiency.
Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher challenge a inventory’s value efficiency.
Right here is how Jackson Monetary carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Adjusted earnings earlier than tax- Retail Annuities: $419 million versus $360.96 million estimated by two analysts on common.
- Adjusted earnings earlier than tax- Company and Different: -$80 million versus -$43.50 million estimated by two analysts on common.
- Adjusted earnings earlier than tax- Closed Life and Annuity Blocks: $19 million in comparison with the -$1.52 million common estimate primarily based on two analysts.
- Adjusted earnings earlier than tax- Institutional Merchandise: $31 million versus $21.46 million estimated by two analysts on common.
View all Key Company Metrics for Jackson Financial here>>>
Shares of Jackson Monetary have returned +12.2% over the previous month versus the Zacks S&P 500 composite’s -0.2% change. The inventory presently has a Zacks Rank #2 (Purchase), indicating that it may outperform the broader market within the close to time period.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
