Earnings Alerts

Prudential Financial (PRU) 2Q Earnings Miss Estimates: EPS Falls Short at $3.39

  • Prudential Financial‘s adjusted operating EPS was $3.39, missing the estimate of $3.44.
  • GAAP book value per share excluding AOCI: $98.11 exceeded the estimate of $97.97.
  • Adjusted book value per share: $98.42.
  • Adjusted operating income (pre-tax): $1.61 billion, matching the estimate.
  • PGIM adjusted operating income: $206 million, below the estimate of $219.2 million.
  • US Businesses adjusted operating income: $1.07 billion.
  • International Businesses adjusted operating income: $702 million, below the estimate of $752.3 million.
  • Assets under management: $1.48 trillion.
  • Positive business momentum driven by robust sales in U.S. and International segments, strong investment performance, and capital deployment in private alternatives.
  • Company fundamentals are strong, supported by financial strength and integrated investment, insurance, and retirement capabilities.
  • Analyst recommendations: 2 buys, 10 holds, 4 sells.

Prudential Financial on Smartkarma

Analysts on Smartkarma, such as Baptista Research, are closely following Prudential Financial‘s recent performance. In their report “Prudential Financial: What Is The Progress Of Their Retail Investment Products Expansion? – Major Drivers,” Baptista Research highlights Prudential’s strategic realignment towards higher growth and more capital-efficient operations. The report emphasizes positive factors such as robust asset management net flows in PGIM, strong sales in U.S. and International Insurance divisions, and a focus on less capital-intensive and faster-growing business lines. Prudential’s disciplined capital management approach and increased quarterly dividends also contribute to the favorable sentiment expressed by Baptista Research.


A look at Prudential Financial Smart Scores

FactorScoreMagnitude
Value4
Dividend4
Growth3
Resilience3
Momentum4
OVERALL SMART SCORE3.6

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Prudential Financial, Inc. is positioned well for the long term, as indicated by its Smartkarma Smart Scores. With solid scores across the board, including high marks in Value and Dividend, the company demonstrates strength in its financial fundamentals and commitment to rewarding shareholders. Additionally, its Momentum score suggests positive market sentiment and potential for continued growth.

Prudential Financial, Inc. operates globally, offering a comprehensive range of financial products and services. With a focus on value, dividends, and momentum, the company shows resilience in navigating economic challenges. While growth and resilience scores are slightly lower, Prudential Financial‘s overall outlook remains positive, reflecting its strong position in the financial services industry.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.


 

πŸ’‘ Before it’s here, it’s on Smartkarma

Sign Up for Free

The Smartkarma Preview Pass is your entry to the Independent Investment Research Network

  • βœ“ Unlimited Research Summaries
  • βœ“ Personalised Alerts
  • βœ“ Custom Watchlists
  • βœ“ Company Analytics and News
  • βœ“ Events & Webinars