Financial services company Equitable Holdings (NYSE: EQH) will be announcing earnings results this Tuesday afternoon. Here’s what to expect.
Equitable Holdings missed analysts’ revenue expectations last quarter, reporting revenues of $3.61 billion, down 4.5% year on year. It was a softer quarter for the company, with a narrow beat of analysts’ EPS estimates.
Is Equitable Holdings a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Equitable Holdings’s revenue to be flat year on year, slowing from the 5.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings.
Looking at Equitable Holdings’s peers in the life insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. CNO Financial Group delivered year-on-year revenue growth of 5.5%, beating analysts’ expectations by 1.4%, and Lincoln Financial Group reported revenues up 4.2%, topping estimates by 0.8%. CNO Financial Group traded up 3% following the results while Lincoln Financial Group was also up 10.1%.
Read our full analysis of CNO Financial Group’s results here and Lincoln Financial Group’s results here.
Investors in the life insurance segment have had steady hands going into earnings, with share prices flat over the last month. Equitable Holdings is down 2% during the same time and is heading into earnings with an average analyst price target of $60.82 (compared to the current share price of $46.55).
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