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International operations insurance and other financial products Prudential Financial (NYSE:PRU) is expected to release Q4 earnings results on Tuesday, February 7, after the market close.
Will PRU beat consensus and publish solid quarterly results?
The unite Estimated EPS is $2.51 (-21.1% y/y) and consensus revenue estimate of $13.57 billion (-1.29% y/y).
In the past 2 years, PRU beat the EPS . estimate 88% of the time and estimated revenue 38% of the time.
Over the past 3 months, EPS estimates have increased by 3 modified or more and 10 downward revisions. Revenue estimates have had 0 revisions up and 6 revisions down.
Jefferies booked Prudential on its first global stock picks list in January, said it believes emerging markets, particularly in Asia, will see “one of the best operating environments in years” due to recessions in more developed markets, a weaker US dollar and a weaker US dollar. -open China
According to the investment bank, the PRU was “overexposed” to those markets.
Meanwhile, Main Financial Group post Q4 earnings were slightly lower, but were down from a year ago as pre-tax operating income fell for most of its segments.
Aflac, on the other hand, post Q4 earnings fell, while revenue was hit by a weaker yen/dollar exchange rate and foreign exchange-related investment losses, which fell short of expectations.
Looking for Authors Alpha Pearl Gray Equity and Research expectation a solid Q4 for PRU, but the probable backdrop raises the possibility of a softer outlook.
Even so, Prudential’s stock is relatively overvalued and its dividend yield is poorly insured, according to the author.
PRU may raise its dividend in 2023, looking at the company’s dividend history. Here’s a look at the dividend payout history:
Looking for the author of Alpha give average of stocks rated Hold, with bulls speak PRU will pass through the current lower income period; Stable dividends and solid balance sheet.
Sell-side analysts and Seeking Alpha’s Quantum Rating system also give the stock a Hold rating.
