Will Athene (ATH) Retain Its Surprise Streak In Q4 Earnings?
Zacks Investment Research | Feb 17, 2019 08:32PM ET
Athene Holding Ltd. (NYSE:ATH) delivered positive surprise in three of the reported quarters of 2018. The Zacks Consensus Estimate for the fourth quarter is pegged at $1.22 per share, indicating a decline of 27.8% year over year.
Let’s see what’s in store for the company in the yet-to-be reported quarter.
The company continues to benefit from its multi-channel distribution platform. Better pricing is likely to add to the upside.
Retail sales likely have improved banking on introduction of new products and expansion in the Financial Institutions channel. Retail annuity business sales are expected to be solid across all the leading carriers.
The addition of new counterparties will continue to support Flow Reinsurance results.
Thus, organic deposits are likely to aid banking, given better performances at Retail and flow in pension risk transfer businesses.
Investment income is likely to benefit from accelerated pace in rate hikes. The company estimates average invested assets between $101 billion and $102 billion.
What Our Quantitative Model Predicts
Our proven model shows that Athene Holding is likely to beat on earnings this reporting season. This is because the stock has the right combination of positive
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