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Wall Street analysts forecast that Principal Financial (PFG) will report quarterly earnings of $2.01 per share in its upcoming release, pointing to a year-over-year increase of 16.9%. It is anticipated that revenues will amount to $3.92 billion, exhibiting an increase of 12.8% compared to the year-ago quarter.
Over the last 30 days, there has been an upward revision of 0.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
In light of this perspective, let's dive into the average estimates of certain Principal Financial metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenue- Net investment income' should arrive at $1.11 billion. The estimate indicates a change of +12.2% from the prior-year quarter.
The consensus estimate for 'Revenue- Fees and other revenues' stands at $1.07 billion. The estimate points to a change of +2.2% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Premiums and other considerations' reaching $1.68 billion. The estimate indicates a year-over-year change of +15.2%.
The consensus among analysts is that 'Revenue- Benefits and Protection Segment- Net Investment Income' will reach $150.19 million. The estimate indicates a year-over-year change of +8.4%.
According to the collective judgment of analysts, 'Revenue- Retirement and Income Solutions Segment- Premiums and other considerations' should come in at $742.48 million. The estimate suggests a change of +32.4% year over year.
The combined assessment of analysts suggests that 'Revenue- Retirement and Income Solutions Segment- Net investment income' will likely reach $754.40 million. The estimate points to a change of +12.2% from the year-ago quarter.