Prudential Financial, Inc. (NYSE:PRU) is a prominent player in the financial services industry, offering a range of insurance, investment management, and other financial products. The company competes with other major firms like MetLife and AIG. On October 30, 2024, PRU reported its third-quarter earnings, revealing an earnings per share (EPS) of $3.48 (Non-GAAP), which matched the estimated EPS of $3.48.
The company's revenue for the quarter was approximately $14.48 billion, slightly below the estimated $14.89 billion. Despite this, Prudential's EPS of $3.48 slightly exceeded the Zacks Consensus Estimate of $3.47, as highlighted by Zacks. This marks a modest increase from the $3.44 per share reported in the same quarter last year, indicating steady growth.
Prudential's net income for the third quarter of 2024 was $448 million, or $1.24 per common share (GAAP EPS). This is a significant improvement from a net loss of $802 million, or $2.23 per common share, in the same quarter of 2023. The after-tax adjusted operating income was $1.26 billion, or $3.48 per common share, slightly lower than the $1.332 billion, or $3.62 per common share, reported in the third quarter of 2023.
The company's financial ratios provide further insights into its performance. With a price-to-earnings (P/E) ratio of approximately 15.97, investors are willing to pay nearly 16 times the company's earnings. The price-to-sales ratio of about 0.73 suggests that investors pay 73 cents for every dollar of sales. Prudential's enterprise value to sales ratio is around 0.90, reflecting its total valuation compared to sales.
Prudential's debt-to-equity ratio is roughly 1.00, indicating a balanced use of debt and equity to finance its assets. The current ratio of approximately 3.66 shows strong liquidity, meaning the company can easily cover its short-term liabilities with its short-term assets. These metrics highlight Prudential's financial stability and ability to generate cash from its operations.
Symbol | Price | %chg |
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CASA.JK | 1060 | 0.47 |
032830.KS | 124200 | 0.08 |
LIFE.JK | 7050 | 0.71 |
APIC.JK | 1065 | -0.94 |
Prudential Financial, Inc. (NYSE:PRU) is a prominent player in the insurance industry, specifically within the Zacks Insurance - Multi-line sector. The company offers a range of financial products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. Prudential competes with other major insurance firms, striving to maintain its position in a competitive market.
On February 4, 2025, Prudential reported earnings per share (EPS) of $2.96, which fell short of the estimated $3.36. This represents a negative surprise of 9.76%, as highlighted by Zacks. Despite this shortfall, the EPS showed an improvement from the $2.58 reported a year ago. In the previous quarter, Prudential had slightly exceeded expectations with an EPS of $3.48, indicating a minor positive surprise of 0.29%.
Prudential's revenue for the quarter was approximately $14.25 billion, missing the anticipated $14.71 billion. This follows a pattern, as the company reported $13.01 billion in revenue for the quarter ending December 2024, which also missed the Zacks Consensus Estimate by 8.08%. Despite these misses, Prudential has managed to exceed consensus revenue estimates three times in the last four quarters.
The company's financial metrics provide further insight into its market valuation. With a price-to-earnings (P/E) ratio of about 10.26, Prudential's earnings are valued moderately by the market. Its price-to-sales ratio of approximately 0.56 suggests a relatively low market valuation compared to its revenue. The enterprise value to sales ratio is around 0.57, reflecting the company's total valuation in relation to its sales.
Prudential's financial health is supported by a strong current ratio of about 3.06, indicating its ability to cover short-term liabilities with current assets. The debt-to-equity ratio of approximately 0.71 shows a moderate level of debt compared to equity. Additionally, the enterprise value to operating cash flow ratio of about 5.94 highlights how the market values its cash flow generation, while an earnings yield of 9.74% provides insight into the return on investment for shareholders.
Prudential Financial, Inc. (NYSE:PRU) is a prominent player in the insurance industry, specifically within the Zacks Insurance - Multi-line sector. The company offers a range of financial products and services, including life insurance, annuities, retirement-related services, mutual funds, and investment management. Prudential competes with other major insurance firms, striving to maintain its position in a competitive market.
On February 4, 2025, Prudential reported earnings per share (EPS) of $2.96, which fell short of the estimated $3.36. This represents a negative surprise of 9.76%, as highlighted by Zacks. Despite this shortfall, the EPS showed an improvement from the $2.58 reported a year ago. In the previous quarter, Prudential had slightly exceeded expectations with an EPS of $3.48, indicating a minor positive surprise of 0.29%.
Prudential's revenue for the quarter was approximately $14.25 billion, missing the anticipated $14.71 billion. This follows a pattern, as the company reported $13.01 billion in revenue for the quarter ending December 2024, which also missed the Zacks Consensus Estimate by 8.08%. Despite these misses, Prudential has managed to exceed consensus revenue estimates three times in the last four quarters.
The company's financial metrics provide further insight into its market valuation. With a price-to-earnings (P/E) ratio of about 10.26, Prudential's earnings are valued moderately by the market. Its price-to-sales ratio of approximately 0.56 suggests a relatively low market valuation compared to its revenue. The enterprise value to sales ratio is around 0.57, reflecting the company's total valuation in relation to its sales.
Prudential's financial health is supported by a strong current ratio of about 3.06, indicating its ability to cover short-term liabilities with current assets. The debt-to-equity ratio of approximately 0.71 shows a moderate level of debt compared to equity. Additionally, the enterprise value to operating cash flow ratio of about 5.94 highlights how the market values its cash flow generation, while an earnings yield of 9.74% provides insight into the return on investment for shareholders.
Prudential Financial, Inc. (NYSE:PRU) is a prominent player in the financial services industry, offering a range of insurance, investment management, and other financial products. The company competes with other major firms like MetLife and AIG. On October 30, 2024, PRU reported its third-quarter earnings, revealing an earnings per share (EPS) of $3.48 (Non-GAAP), which matched the estimated EPS of $3.48.
The company's revenue for the quarter was approximately $14.48 billion, slightly below the estimated $14.89 billion. Despite this, Prudential's EPS of $3.48 slightly exceeded the Zacks Consensus Estimate of $3.47, as highlighted by Zacks. This marks a modest increase from the $3.44 per share reported in the same quarter last year, indicating steady growth.
Prudential's net income for the third quarter of 2024 was $448 million, or $1.24 per common share (GAAP EPS). This is a significant improvement from a net loss of $802 million, or $2.23 per common share, in the same quarter of 2023. The after-tax adjusted operating income was $1.26 billion, or $3.48 per common share, slightly lower than the $1.332 billion, or $3.62 per common share, reported in the third quarter of 2023.
The company's financial ratios provide further insights into its performance. With a price-to-earnings (P/E) ratio of approximately 15.97, investors are willing to pay nearly 16 times the company's earnings. The price-to-sales ratio of about 0.73 suggests that investors pay 73 cents for every dollar of sales. Prudential's enterprise value to sales ratio is around 0.90, reflecting its total valuation compared to sales.
Prudential's debt-to-equity ratio is roughly 1.00, indicating a balanced use of debt and equity to finance its assets. The current ratio of approximately 3.66 shows strong liquidity, meaning the company can easily cover its short-term liabilities with its short-term assets. These metrics highlight Prudential's financial stability and ability to generate cash from its operations.