* Corebridge Financial Inc reported quarterly adjusted earnings of $1.38 per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of $1.05. The mean expectation of fifteen analysts for the quarter was for earnings of $1.17 per share. Wall Street expected results to range from $1.12 to $1.22 per share.
* Revenue fell 17.7% to $4.53 billion from a year ago; analysts expected $5.67 billion.
* Corebridge Financial Inc's reported EPS for the quarter was a loss of $2.02.
* The company reported a quarterly loss of $1.18 billion.
* Corebridge Financial Inc shares had risen by 2.9% this quarter and gained 38.5% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 5.1% in the last three months.
* In the last 30 days, six analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy," 6 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the life & health insurance peer group is also "buy"
Wall Street's median 12-month price target for Corebridge Financial Inc is $34.50 This summary was machine generated from LSEG data November 6 at 05:23 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 1.17 1.38 Beat
Jun. 30 2024 1.09 1.13 Beat
Mar. 31 2024 1.06 1.10 Beat
Dec. 31 2023 0.97 1.04 Beat
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