EQH's total AUM reaches $933.8 billion in the third quarter.
Equitable Holdings has performed excellently, gaining over 80% this year, supported by strong capital returns and favorable macro conditions. EQH benefits from strong fee growth, a favorable interest rate environment, and high retail demand for annuities, driving robust net inflows and wider spreads. EQH's wealth management unit shows strong organic growth with a 25% earnings jump, aided by a market that has reached new highs.
Equitable Holdings, Inc. (NYSE:EQH ) Q3 2024 Earnings Conference Call November 5, 2024 9:00 AM ET Company Participants Erik Bass - Head of Investor Relations Mark Pearson - President and Chief Executive Officer Robin Raju - Chief Financial Officer Jacqueline Marks - AllianceBernstein's Chief Financial Officer Onur Erzan - Head of AllianceBernstein's Global Client Group and Private Wealth business Conference Call Participants Suneet Kamath - Jefferies Thomas Gallagher - Evercore ISI Ryan Krueger - Keefe, Bruyette, & Woods, Inc. Joel Hurwitz - Dowling & Partners Securities Alex Scott - Barclays Mark Hughes - Truist Securities Operator Hello, and thank you for standing by. My name is Regina, and I will be your conference operator today.
Although the revenue and EPS for Equitable Holdings (EQH) give a sense of how its business performed in the quarter ended September 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Equitable Holdings, Inc. (EQH) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.15 per share a year ago.
Equitable Holdings (EQH) 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.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Equitable Holdings' (EQH) total AUM reaches $892.5 billion in the second quarter.
Equitable Holdings shares have gained 31% over the past year, but recent market turmoil caused a 12% pullback, given its legacy annuity exposure. Equitable's pivot towards less risky products has led to strong earnings growth, particularly in spread-based products like index-linked annuities. Despite recent market volatility, Equitable's strong capital position, buybacks, and BlackRock partnership position it for continued growth and a potential 20% upside in share price.
The headline numbers for Equitable Holdings (EQH) give insight into how the company performed in the quarter ended June 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Equitable Holdings, Inc. (EQH) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.17 per share a year ago.
Equitable Holdings (EQH) 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.