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Prudential Financial (PRU)
:PRU
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Earnings Data
Report Date
Feb 04, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
3.28Last Year’s EPS
2.58Same Quarter Last Year
Based on 10 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 07, 2018
|% Change Since: -5.55%
|Next Earnings Date:Aug 01, 2018
Earnings Call Sentiment|Positive
The earnings call highlighted strong sales and strategic capital management, alongside growth in key markets like Japan. However, challenges such as elevated surrenders in Japan and increased expenses were noted. Overall, the positive momentum in business growth and strategic initiatives outweigh the challenges faced.Company Guidance
In the third quarter of 2024, Prudential's earnings call provided detailed guidance on various metrics, reflecting the company's positive trajectory and strategic initiatives. The company's pretax adjusted operating income reached $1.6 billion, with earnings per share at $3.48 on an after-tax basis. Prudential achieved a year-to-date adjusted operating return on equity of 13.7%, an improvement of 0.5 percentage points from the previous year. PGIM, Prudential's global investment management arm, reported a 15% increase in assets under management, amounting to $1.4 trillion, driven by market appreciation, investment performance, and net flows. The company's U.S. businesses saw strong sales, with nearly $15 million in retirement strategies and $3.6 billion in individual retirement sales during the quarter. Prudential also highlighted its disciplined capital deployment, returning over $700 million to shareholders in the third quarter. The company maintained a robust AA rating with over $4 billion in highly liquid assets at the quarter's end, underscoring its financial strength and strategic progress towards becoming a higher growth, more capital-efficient entity.Robust Sales in U.S. and International Markets
The company reported robust sales across U.S. and international insurance and retirement businesses, with notable growth in annuity products and retirement strategies.
Strategic Capital Deployment
Prudential maintained a disciplined approach to capital deployment, returning over $700 million to shareholders during the quarter.
Strong PGIM Performance
PGIM's assets under management increased by 15% to $1.4 trillion, driven by market appreciation and net flows.
Significant Pension Risk Transfer Deals
Prudential closed a major pension risk transfer deal with IBM, reinsuring $6 billion of pension liabilities, solidifying its leadership in the space.
Growth in Japanese Market
Year-to-date sales of retirement and savings products in Japan increased by 30% compared to the prior year.
High Retirement Strategy Sales
Retirement strategies generated nearly $15 million in sales in the third quarter, with institutional retirement sales totaling $11 billion.
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PRU Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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PRU Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $125.36 | $121.24 | -3.29% |
| Aug 01, 2024 | $119.88 | $107.92 | -9.98% |
| Apr 30, 2024 | $106.97 | $108.73 | +1.65% |
| Feb 06, 2024 | $98.92 | $104.41 | +5.55% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Prudential Financial (PRU) report earnings?
Prudential Financial (PRU) is schdueled to report earning on Feb 04, 2025, TBA Not Confirmed.
What is Prudential Financial (PRU) earnings time?
Prudential Financial (PRU) earnings time is at Feb 04, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PRU EPS forecast?
PRU EPS forecast for the fiscal quarter 2024 (Q4) is 3.28.
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