Voya (VOYA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
VOYA stock rallies on the back of favorable retention, impacts of the Benefitfocus buyout, improved investment income, positive net flows and effective capital deployment.
Voya (VOYA) reported earnings 30 days ago. What's next for the stock?
Voya Financial warrants a buy rating due to its profitable segments, strategic acquisitions, and strong growth potential despite underperforming larger competitors in share price performance. Voya's diversified revenue streams from wealth solutions, health solutions, and investment management ensure stability and steady growth, with 2024 projected to be its strongest year yet. Recent acquisitions, including Benefitfocus and OneAmerica, bolster Voya's segments and are expected to drive revenue growth, maintaining profitability and strong financial metrics.
VOYA gains from favorable retention, impacts of the Benefitfocus buyout, improved investment income, positive net flows and higher return on capital.
Voya Financial, Inc. (NYSE:VOYA ) Q3 2024 Earnings Conference Call November 5, 2024 10:00 AM ET Company Participants Mei Ni C - Head of IR Heather Lavallee - CEO Don Templin - CFO Matt Toms - Head, Investment Management Rob Grubka - Head, Workplace Solutions Michael Katz - EVP, Finance Conference Call Participants Ryan Krueger - KBW Wes Carmichael - Autonomous Research Justin Moreno - Barclays Joel Hurwitz - Dowling & Partners Tom Gallagher - Evercore ISI Wilma Burdis - Raymond James Suneet Kamath - Jefferies Josh Shanker - Bank of America John Barnidge - Piper Sandler Operator Good morning. Welcome to Voya Financial's Third Quarter 2024 Earnings Conference Call.
VOYA's Q3 results reflect an improvement in premiums and solid performances across most of its segments, offset by lower investment income and higher expenses.
The headline numbers for Voya (VOYA) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Voya Financial (VOYA) came out with quarterly earnings of $2.12 per share, beating the Zacks Consensus Estimate of $2.05 per share. This compares to earnings of $2.07 per share a year ago.
Beyond analysts' top -and-bottom-line estimates for Voya (VOYA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2024.
Voya (VOYA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Dividends are one of the best benefits to being a shareholder, but finding a great dividend stock is no easy task. Does Voya Financial (VOYA) have what it takes?