Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Principal Financial (PFG)
NASDAQ:PFG
Holding PFG?
Track your performance easily
Earnings Data
Report Date
Feb 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
1.95Last Year’s EPS
1.83Same Quarter Last Year
Based on 11 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -8.14%
|Next Earnings Date:Jul 26, 2018
Earnings Call Sentiment|Positive
The earnings call presented a strong financial performance and capital returns, with notable growth in assets under management and success in the retirement and international segments. However, challenges were highlighted with a net loss due to non-economic factors, PGI net outflows, and slower growth in Specialty Benefits. Overall, the positive aspects slightly outweighed the negatives.Company Guidance
During the Principal Financial Group's Q3 2024 earnings call, several key metrics were highlighted reflecting positive financial performance and strategic direction. The company reported non-GAAP operating earnings of $412 million, or $1.76 per diluted share, with EPS rising to $2.05, excluding significant variances and actuarial assumption reviews—a 12% increase compared to Q3 2023. Net revenue grew by 5% year-over-year, driven by strong business growth and favorable market conditions, while the company returned $416 million of capital to shareholders, including $251 million in share repurchases. Total company managed assets under management (AUM) reached $741 billion, a 6% increase from the previous quarter, supported by robust market performance. The Retirement business saw a 10% year-over-year increase in recurring deposits, while Principal Asset Management reported positive net cash flows in its private real estate strategies for the 12th consecutive quarter. Additionally, Specialty Benefits experienced over 6% growth in premium and fee income, driven by persistency and new business. The company maintained a strong capital position with $1.6 billion in excess and available capital, supporting a 75% to 85% target for free capital flow.Strong Financial Performance
Principal Financial Group reported $412 million of non-GAAP operating earnings, a 12% increase in EPS over the third quarter of 2023. The earnings growth was fueled by a 5% increase in net revenue.
Capital Returns and Dividend Increase
Returned $416 million of capital to shareholders, including $251 million of share repurchases. Raised the common stock dividend for the sixth consecutive quarter.
Assets Under Management Growth
The total company managed AUM reached $741 billion, reflecting a 6% growth from the previous quarter.
Retirement Business Success
Recurring deposits increased by 10% year-over-year. Achieved robust account value growth due to favorable market performance.
Principal International Record Performance
Principal International ended the quarter with a record $185 billion of AUM, up 8% from the second quarter, driven by robust net cash flows and favorable market performance.
---
PFG 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
---
PFG Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 24, 2024 | $88.90 | $83.01 | -6.63% |
| Jul 25, 2024 | $82.97 | $80.13 | -3.42% |
| Apr 25, 2024 | $78.98 | $77.09 | -2.39% |
| Feb 12, 2024 | $76.25 | $76.56 | +0.41% |
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.
---
FAQ
When does Principal Financial (PFG) report earnings?
Principal Financial (PFG) is schdueled to report earning on Feb 06, 2025, TBA Not Confirmed.
What is Principal Financial (PFG) earnings time?
Principal Financial (PFG) earnings time is at Feb 06, 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 PFG EPS forecast?
PFG EPS forecast for the fiscal quarter 2024 (Q4) is 1.95.
---