Financial services giant Prudential Financial (NYSE: PRU) will be reporting earnings this Wednesday after market hours. Here’s what investors should know.
Prudential missed analysts’ revenue expectations by 8.3% last quarter, reporting revenues of $13.41 billion, down 38.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ book value per share estimates and EPS in line with analysts’ estimates.
Is Prudential a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Prudential’s revenue to decline 1.5% year on year to $13.64 billion, a reversal from the 10.1% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.23 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Prudential has missed Wall Street’s revenue estimates five times over the last two years.
Looking at Prudential’s peers in the life insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. and Globe Life reported revenues up 3.2%, in line with consensus estimates. Globe Life traded up 5.1% following the results.
Read our full analysis of Principal Financial Group’s results here and Globe Life’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the life insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.3% on average over the last month. Prudential is down 3.6% during the same time and is heading into earnings with an average analyst price target of $115.50 (compared to the current share price of $103.59).
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