Analysts on Wall Street project that Principal Financial (PFG) will announce quarterly earnings of $2.32 per share in its forthcoming report, representing an increase of 7.4% year over year. Revenues are projected to reach $4.11 billion, increasing 11.4% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 1% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific Principal Financial metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Fees and other revenues' will reach $1.11 billion. The estimate indicates a change of +2.2% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Net investment income' will reach $1.30 billion. The estimate indicates a change of +11.9% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Premiums and other considerations' should come in at $1.65 billion. The estimate indicates a year-over-year change of +17.9%.
Analysts' assessment points toward 'Revenue- Principal Asset Management Segment- Fees and other revenues' reaching $554.61 million. The estimate indicates a year-over-year change of +4.4%.
The average prediction of analysts places 'Revenue- Principal Asset Management Segment- Net investment income' at $168.47 million. The estimate indicates a year-over-year change of +0.1%.
The combined assessment of analysts suggests that 'Revenue- Benefits and Protection Segment- Specialty Benefits- Fees and other revenues' will likely reach $8.06 million. The estimate points to a change of -0.5% from the year-ago quarter.
Analysts expect 'Revenue- Benefits and Protection Segment- Specialty Benefits- Premiums and other considerations' to come in at $867.95 million. The estimate indicates a year-over-year change of +4.3%.
The collective assessment of analysts points to an estimated 'Revenue- Benefits and Protection Segment- Specialty Benefits- Net Investment Income' of $56.63 million. The estimate points to a change of +8.9% from the year-ago quarter.
Analysts forecast 'Revenue- Benefits and Protection Segment- Specialty Benefits- Total' to reach $932.64 million. The estimate suggests a change of +4.5% year over year.
The consensus estimate for 'Revenue- Benefits and Protection Segment- Life Insurance- Fees and other revenues' stands at $113.43 million. The estimate suggests a change of -0.9% year over year.
Based on the collective assessment of analysts, 'Assets under management (AUM) - International Pension' should arrive at $161.70 billion. The estimate is in contrast to the year-ago figure of $143.40 billion.
Analysts predict that the 'Assets under management (AUM) - Investment Management' will reach $595.94 billion. The estimate is in contrast to the year-ago figure of $579.60 billion.
View all Key Company Metrics for Principal Financial here>>>Over the past month, shares of Principal Financial have returned -2.5% versus the Zacks S&P 500 composite's +0.3% change. Currently, PFG carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Principal Financial Group, Inc. (PFG): Free Stock Analysis Report
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