Prudential Financial Q3 2022 Results: Revenue Beats Expectations, EPS Lags

Prudential Financial (NYSE:PRU) Third Quarter 2022 Results

Main financial results

  • Revenue: $20.5 billion (down 5.4% compared to Q3 2021).
  • Net loss: $290.0 million (down 119% from profit of $1.51 billion in Q3 2021).
  • Loss of $0.78 per share (vs. profit of $3.92 in 3Q 2021).
NYSE: PRU Earnings and Revenue Growth November 6, 2022

All figures shown in the table above are for the 12 month period (TTM)

Prudential financial earnings beat expectations, EPS fell short

Revenue beat analyst estimates by 47%. Earnings per share (EPS) missed analysts’ estimates.

Looking ahead, revenues are expected to decline by an average of 2.8% per year over the next 3 years, while US insurance industry revenues are expected to increase by 6.1%.

Performance of the American insurance industry.

The company’s stock price is broadly unchanged from a week ago.

Risk analysis

Before proceeding to the next step, you must know the 3 warning signs for Prudential Financial that we discovered.

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