PRU Earnings Prediction
The chart below shows how PRU performed 10 days before and after its earnings report, based on data from the past quarters. Typically, PRU sees a -0.44% change in stock price 10 days leading up to the earnings, and a -0.32% change 10 days following the report. On the earnings day itself, the stock moves by -0.43%. This data can give you a slight idea of what to expect for the next quarter's release.
PRU Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
19.49B
133.36%
30.95%
Gross Margin
--
--
--
Operating Margin
2.84%
122.42%
-70.14%
Net Margin
2.31%
124.39%
-70.65%
EPS
1.24
155.61%
-62.20%
No Data Available
PRU Earnings Analysis
Prudential Financial, Inc. Corporation (PRU.N) Earnings Conference Call
Positive
Retirement Sales Surge: 1. Strong Sales Performance: Prudential's Retirement Strategies business generated nearly $15 billion in sales during Q3, with institutional retirement sales totaling $11 billion, including a $6.3 billion pension risk transfer transaction with IBM.
Record Annuity Sales Growth: 2. Record Annuity Sales: Individual Retirement sales reached $3.6 billion, marking the best quarter in over a decade, driven by a diversified product portfolio that includes five products exceeding $1 billion in sales this year.
International Sales Surge: 3. International Growth: Sales in Prudential's international businesses increased by 25% year-over-year, with Japan's retirement and savings product sales up 30%, reflecting strong demand and successful product launches.
Asset Management Expansion: 4. Robust Asset Management Growth: PGIM's assets under management rose by 15% to $1.4 trillion, supported by strong investment performance and net flows of $3.2 billion in the quarter, including $6.4 billion in affiliated net flows.
Capital Return Strategy: 5. Significant Capital Return: Prudential returned over $700 million to shareholders in Q3, demonstrating a disciplined approach to capital deployment while maintaining a strong financial position with over $4 billion in highly liquid assets.
Negative
Increased Surrender Rates: 1. Elevated Surrenders: The company experienced elevated levels of surrenders in U.S. dollar products in Japan, which negatively impacted sales and earnings growth, resulting in low-single-digit earnings growth instead of a more favorable outcome.
Rising Operational Costs: 2. Increased Expenses: Prudential reported higher expenses in the third quarter, totaling $100 million, which were attributed to investments in enterprise initiatives to support growth, indicating a strain on profitability.
Investment Income Shortfall: 3. Variable Investment Income Shortfall: Variable investment income was below expectations by $50 million in the third quarter, driven by lower private equity returns, suggesting potential future earnings pressure.
International Business Challenges: 4. International Business Underperformance: The international businesses faced less favorable underwriting results, primarily due to elevated U.S. dollar product surrenders and higher expenses, which negatively impacted overall performance.
Corporate Segment Losses: 5. Projected Losses in Corporate & Other: The company expects a full-year loss in Corporate & Other of $1.8 billion, indicating ongoing financial challenges in this segment.
PRU FAQs
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PRU Earning Call Sentiment
Prudential Financial, Inc. (PRU) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
PRU.N
2.74%Positive
The earnings call summary shows strong financial performance with increased sales across various segments, improved EPS, and a solid capital position. The Q&A section reveals confidence in strategic initiatives, particularly in international markets like Japan. Despite some concerns about currency impacts and reinsurance, management's optimistic outlook and strategic partnerships suggest a positive sentiment. The company's robust capital returns and growth in assets under management further support a positive stock price movement prediction.