For the quarter ended September 2024, Equitable Holdings, Inc. (EQH) reported revenue of $3.78 billion, up 9.1% over the same period last year. EPS came in at $1.53, compared to $1.15 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.85 billion, representing a surprise of -1.95%. The company delivered an EPS surprise of +0.66%, with the consensus EPS estimate being $1.52.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Equitable Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Individual Retirement - Account Values - Total - Net flows: $1.91 billion compared to the $1.54 billion average estimate based on two analysts.
- Individual Retirement - Account Values - General Account - Balance as of end of period: $66.47 billion compared to the $64.69 billion average estimate based on two analysts.
- Individual Retirement - Separate Accounts: $42.39 billion versus the two-analyst average estimate of $41.10 billion.
- Individual Retirement - Total Account Value - EOP: $108.87 billion versus $105.79 billion estimated by two analysts on average.
- Segment revenues- Corporate and Other: $246 million versus $260 million estimated by three analysts on average.
- Segment revenues- Legacy: $117 million compared to the $199.10 million average estimate based on three analysts.
- Segment revenues- Wealth Management: $450 million versus $451.95 million estimated by three analysts on average.
- Segment revenues- Protection Solutions: $839 million versus the two-analyst average estimate of $850.66 million.
- Individual Retirement- Policy charges, fee income and premiums: $224 million versus the two-analyst average estimate of $179.82 million.
- Individual Retirement- Net investment income (loss): $635 million versus the two-analyst average estimate of $582.14 million.
- Individual Retirement- Net derivative gains (losses): -$5 million compared to the -$5.99 million average estimate based on two analysts.
- Individual Retirement- Investment management, service fees and other income: $90 million versus $94.06 million estimated by two analysts on average.
View all Key Company Metrics for Equitable Holdings here>>>
Shares of Equitable Holdings have returned +5.2% over the past month versus the Zacks S&P 500 composite's +0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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