PFG Earnings Prediction
The chart below shows how PFG performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PFG sees a -0.91% change in stock price 10 days leading up to the earnings, and a -0.55% change 10 days following the report. On the earnings day itself, the stock moves by +0.48%. This data can give you a slight idea of what to expect for the next quarter's release.
PFG Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
3.97B
-4.40%
6.22%
Gross Margin
--
--
--
Operating Margin
8.02%
-10.39%
-37.97%
Net Margin
22.75%
212.46%
-539.19%
EPS
3.91
206.83%
-511.58%
No Data Available
PFG Earnings Analysis
Principal Financial Group Inc Corporation (PFG.O) Earnings Conference Call
Positive
Earnings Per Share Growth: Adjusted non-GAAP earnings per share growth in 2024 was 11%, with a strong 16% increase in the fourth quarter, driven by top line growth and equity market tailwinds.
Capital Flow Management Success: Free capital flow conversion ratio ended the year at the midpoint of the 75% to 85% target, demonstrating effective capital management.
Shareholder Capital Return: Total capital return to shareholders in 2024 was $1.7 billion, including share buybacks above the midpoint of the targeted range and a 10% increase in the annual common stock dividend.
Retirement Segment Growth: Recurring deposits for the total block in 2024 increased 7% over 2023, indicating strong growth in the retirement segment.
Specialty Benefits Growth: Specialty Benefits achieved above-market growth of 7% in 2024, reflecting net new business growth while maintaining pricing discipline.
Negative
Foreign Exchange Impact on AUM: Foreign exchange rates negatively impacted AUM by $28 billion for the full year and $17 billion for the quarter.
AUM Decline Despite Performance: Despite strong market performance, total company-managed AUM ended the year down 4% sequentially.
Sales Decline and Premium Guidance: Specialty Benefits experienced lower sales in the second half of the year due to maintained underwriting discipline, leading to a revision in medium-term premium fees guidance to 6% to 9%.
International Pension Earnings Stability: The international pension segment's pretax operating earnings were relatively flat compared to 2023, impacted by $26 million of FX losses for the year.
Q1 Earnings Decline Expected: The first quarter is expected to be the lowest quarter for earnings in Investment Management due to seasonality, with approximately $40 million of seasonally higher expenses anticipated.
PFG FAQs
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PFG Earning Call Sentiment
Principal Financial Group, Inc. (NASDAQ:PFG) Q4 2024 Earnings Call Transcript
PFG.O
-1.82%Positive
The earnings call reflects strong financial performance, with growth in key areas like pension risk transfer sales and specialty benefits, alongside an increase in shareholder returns via dividends and buybacks. The Q&A section reveals optimism about pension reform and opportunities in private assets, despite some regulatory challenges. Management's responses suggest confidence in navigating future challenges. Although there are some concerns about fee compression and market competition, the overall sentiment is positive, with strong EPS growth guidance and capital return plans likely to support a positive stock price movement.
