Prudential Financial (PRU) Q3 Earnings: Is A Beat In Store?
Zacks Investment Research | Oct 29, 2017 11:46PM ET
Prudential Financial, Inc. (NYSE:PRU) is slated to report third-quarter 2017 results on Nov 1, after the market closes. Last quarter, the company delivered a negative earnings surprise of 22.59%. Let’s see how things are shaping up for this announcement.
Factors to be Considered This Quarter
Expanded product offerings and broader distribution capabilities likely have benefited Prudential’s third-quarter results. The Zacks Consensus Estimate is pegged at $2.71 per share, up 1.9% year over year.
The company benefited from a gradually improving interest rate environment favoring investment income from higher invested asset balances.
Prudential’s International businesses likely have generated higher sales. Continued growth likely has favored better results.
U.S. Retirement Solutions and Investment Management likely have benefited from enhancements made to annuities risk management strategy. The Zacks Consensus Estimate for pre-tax operating profit is pegged at $976 million.
Share buyback likely has added to the bottom-line upside.
However, increase in expenses likely has weighed on the desired margin expansion.
What Our Quantitative Model Predicts
Our proven model shows that Prudential (LON:PRU) is likely to beat estimates this quarter. This is because a stock has the right combination of two main ingredients — a positive .
Ares Capital Corporation (NASDAQ:ARCC) has an Earnings ESP of +2.86%. The Zacks #3 Ranked company is slated to report third-quarter earnings on Nov 2.
American Equity Investment Life Holding Company (NYSE:AEL) has an Earnings ESP of +0.40% and holds a Zacks Rank #2. The company is set to report third-quarter earnings on Nov 6.
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