Prudential Financial's Organic Growth Counts, High Costs Ail
Zacks Investment Research | Oct 10, 2017 02:42AM ET
Prudential Financial, Inc. (NYSE:PRU) has successfully catered to the growing demands and expectations of its clients for years, building a solid product and service portfolio over time. Retaining this optimism, the Zacks Rank #2 (Buy) multi-line insurer continues to evolve stronger and looks set to repeat the success streak in the near future.
Growth Projections: The Zacks Consensus Estimate for earnings per share is $10.09 on revenues of $52.10 billion for 2017. Although the top line reflects a year-over-year slip of 0.3%, the bottom line improves 10.6%. For 2018, the Zacks Consensus Estimate for earnings per share is pegged at $11.22 on $54.16 billion revenues. While earnings represent an 11.2% increase, revenues reflect a 3.9% rise.
Prudential Financial has long-term expected earnings per share growth of 8.5%.
Northbound Estimates: The Zacks Consensus Estimate for 2017 has inched up 0.1% in the last 60 days, while the same for 2018 has nudged up 0.2% over the same time frame. This is reflected in the company’s Zacks Rank.
An Outperformer: Shares of Prudential Financial have surged 29.3% in a year’s time, outperforming the the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here .
Principal Financial offers retirement, asset management plus insurance products and services to businesses, individuals and institutional clients worldwide. The company delivered positive surprises in all the last four quarters with an average beat of 7.26%.
Cigna Corporation offers insurance and health-related products and services in the United States and internationally. The company delivered positive surprises in all the trailing four quarters with an average beat of 9.98%.
Cincinnati Financial deals in property casualty insurance business in the United States. The company delivered positive surprises in all the last four quarters with an average beat of 14.97%.
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