What Awaits Principal Financial (PFG) This Earnings Season?
Zacks Investment Research | Oct 21, 2019 12:12AM ET
Principal Financial Group (NASDAQ:PFG) is slated to report third-quarter 2019 results on Oct 24, after market close. The company delivered positive earnings surprise in the last two reported quarters.
Let’s see how things are shaping up for this announcement.
Principal Financial third-quarter earnings are likely to have benefited from expanded global distribution network and a compelling portfolio of retirement, investment and protection solutions.
Higher fee-based revenues are likely to have boosted revenues. The Zacks Consensus Estimate for revenues is pegged at $3.9 billion.
Assets under management are likely to have benefited from better performances at its three asset management and asset accumulation segments that in turn are driven by extensive distribution footprint, best-in-class solutions, strategic buyouts and operational discipline.
Operating expenses are likely to have increased as a result of higher branding expenses, benefit costs as well as variable sales expenses.
Share repurchases are likely to have provided additional upside to the bottom line.
The Zacks Consensus Estimate for earnings stands at $1.44 per share, indicating a decrease of 13.8% from the year-ago reported figure.
Principal Financial Group, Inc. Price and EPS Surprise
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