The upcoming report from Principal Financial (PFG) is expected to reveal quarterly earnings of $2.46 per share, indicating an increase of 17.1% compared to the year-ago period. Analysts forecast revenues of $4.31 billion, representing an increase of 10.6% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 2.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Principal Financial metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Total revenues- Fees and other revenues' will reach $1.15 billion. The estimate suggests a change of +2.1% year over year.
According to the collective judgment of analysts, 'Total revenues- Net investment income' should come in at $1.29 billion. The estimate indicates a change of +7.8% from the prior-year quarter.
Analysts forecast 'Total revenues- Premiums and other considerations' to reach $1.86 billion. The estimate points to a change of +21.6% from the year-ago quarter.
The combined assessment of analysts suggests that 'Total operating revenues- Principal Asset Management Segment- Fees and other revenues' will likely reach $556.53 million. The estimate suggests a change of +1.7% year over year.
Based on the collective assessment of analysts, 'Total operating revenues- Principal Asset Management Segment- Net investment income' should arrive at $156.81 million. The estimate suggests a change of -12.6% year over year.
Analysts' assessment points toward 'Total operating revenues- Benefits and Protection Segment-Specialty Benefits- Fees and other revenues' reaching $8.04 million. The estimate suggests a change of -4.3% year over year.
The average prediction of analysts places 'Total operating revenues- Benefits and Protection Segment-Specialty Benefits- Premiums and other considerations' at $876.44 million. The estimate suggests a change of +4.7% year over year.
Analysts expect 'Total operating revenues- Benefits and Protection Segment-Specialty Benefits- Net Investment Income' to come in at $57.14 million. The estimate points to a change of +11.4% from the year-ago quarter.
Analysts predict that the 'Total operating revenues- Benefits and Protection Segment-Specialty Benefits' will reach $941.62 million. The estimate suggests a change of +5% year over year.
The consensus among analysts is that 'Total operating revenues- Benefits and Protection Segment-Life Insurance- Fees and other revenues' will reach $115.30 million. The estimate suggests a change of +2.2% year over year.
The collective assessment of analysts points to an estimated 'Assets under management (AUM) - International Pension' of $164.33 billion. The estimate compares to the year-ago value of $150.70 billion.
The consensus estimate for 'Assets under management (AUM) - Investment Management' stands at $593.01 billion. The estimate compares to the year-ago value of $601.60 billion.
View all Key Company Metrics for Principal Financial here>>>Principal Financial shares have witnessed a change of -5% in the past month, in contrast to the Zacks S&P 500 composite's +1% move. With a Zacks Rank #3 (Hold), PFG is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Zacks' Research Chief Names "Stock Most Likely to Double"
Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.
Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.
Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Principal Financial Group, Inc. (PFG): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).