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Prudential Financial (PRU)
NYSE:PRU
Earnings Data
Report Date
May 06, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
3.42Last Year’s EPS
3.12Same Quarter Last Year
Based on 11 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 04, 2025
|% Change Since: -4.63%
|Next Earnings Date:May 06, 2025
Earnings Call Sentiment|Neutral
Prudential demonstrated strong sales across various sectors, particularly in retirement strategies and international markets, and maintained a robust financial position. However, the company faced challenges with lower than expected earnings due to underwriting issues and a GAAP net loss driven by investment portfolio losses.Company Guidance
During the Prudential Financial, Inc. earnings call, the company provided detailed guidance for its fiscal year 2024, highlighting significant progress in becoming a higher growth, more capital-efficient company. They reported a full-year adjusted operating income of $5.9 billion, equating to $12.62 per share, reflecting a 6% increase from 2023. Despite a GAAP net loss of $57 million for the fourth quarter, primarily due to interest rate-driven realized losses, they maintained a robust capital position with a AA rating and over $4 billion in highly liquid assets. The company returned nearly $3 billion to shareholders in 2024 and authorized up to $1 billion in share repurchases for 2025. Prudential aims for a 5% to 8% annual core earnings per share growth through 2027, supported by strategic investments in high-growth markets and a disciplined capital deployment approach. The company also achieved a 13.1% adjusted operating return on equity in 2024, up 70 basis points from the previous year.Leadership Transition and Recognition
Andy Sullivan was appointed as the next CEO effective March 31st, with Caroline Feeney overseeing global retirement and insurance businesses. Prudential was recognized as the number one company among life and health insurance peers for 2024 on Fortune's List of the World's Most Admired Companies.
Record Sales in Retirement Strategies
Retirement strategies generated strong sales at $50 billion in 2024 across its institutional and individual lines of business, contributing to $36 billion of sales for the year, up 27% from the prior year.
PGIM Performance and Growth
PGIM's assets under management increased by 6% to $1.4 trillion from year-end 2023, driven by market appreciation, net flows, and strong investment performance. Total net flows for the full year 2024 were $38 billion.
Strong Financial Position and Capital Deployment
Prudential maintained a AA rating, held over $4 billion in highly liquid assets, and returned nearly $3 billion to shareholders in 2024. The board authorized share repurchases of up to $1 billion in 2025 and increased the common stock dividend for the 17th consecutive year.
International Business Growth
Sales in international businesses for 2024 were up 6% compared to the prior year, with a 14% increase in sales in Japan and a 12% increase in emerging markets, driven by growth in Brazil.
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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 |
|---|---|---|---|
| Feb 04, 2025 | $116.52 | $112.68 | -3.30% |
| Oct 30, 2024 | $123.84 | $119.77 | -3.29% |
| Aug 01, 2024 | $118.44 | $106.61 | -9.99% |
| Apr 30, 2024 | $105.68 | $107.42 | +1.65% |
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 May 06, 2025, TBA Not Confirmed.
What is Prudential Financial (PRU) earnings time?
Prudential Financial (PRU) earnings time is at May 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 PRU EPS forecast?
PRU EPS forecast for the fiscal quarter 2025 (Q1) is 3.42.
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