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