Principal Financial (PFG) came out with quarterly earnings of $1.94 per share, missing the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $1.83 per share a year ago.
Looking beyond Wall Street's top -and-bottom-line estimate forecasts for Principal Financial (PFG), delve into some of its key metrics to gain a deeper insight into the company's potential performance for the quarter ended December 2024.
PFG's Q4 results are likely to reflect a rise in fee revenues, higher yields, favorable market performance and higher sales of single premium group annuities.
Principal Financial (PFG) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
PFG gains from strategic acquisitions, favorable growth estimates, financial stability and effective capital deployment.
Principal Financial remains poised to gain from new business opportunities, favorable growth estimates, favorable return on capital, financial stability and effective capital deployment.
Principal Financial gets upgraded to a buy, as it shows growth indicators that could drive its insurance premiums and fees revenue, along with positive EPS guidance. Its 3% dividend yield is competitive among its peer group. With strong credit ratings from major agencies, and a low debt-to-equity, the firm has a lower risk profile.
Principal Financial Group, Inc. (NASDAQ:PFG ) Q3 2024 Earnings Conference Call October 25, 2024 10:00 AM ET Company Participants Humphrey Lee - VP, IR Daniel Houston - Chairman, President & CEO Deanna Strable - EVP & CFO Amy Friedrich - President, Benefits and Protection Christopher Littlefield - President, Retirement and Income Solutions Kamal Bhatia - President & CEO, Principal Asset Management Joel Pitz - Interim CFO Conference Call Participants Joel Hurwitz - Dowling & Partners Suneet Kamath - Jefferies Ryan Krueger - KBW John Barnidge - Piper Stanley Wilma Burdis - Raymond James Tom Gallagher - Evercore ISI Wes Carmichael - Autonomous Research Elyse Greenspan - Wells Fargo Josh Shanker - Bank of America Merrill Lynch Alex Scott - Barclays Operator Good morning, and welcome to the Principal Financial Group Third Quarter 2024 Financial Results Conference Call. [Operator Instructions] I would now like to turn the conference call over to Humphrey Lee, Vice President of Investor Relations.
PFG's third-quarter results reflect solid performance across the Retirement and Income Solution and Principal International segments, offset by higher expenses.
While the top- and bottom-line numbers for Principal Financial (PFG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Principal Financial (PFG) came out with quarterly earnings of $1.76 per share, missing the Zacks Consensus Estimate of $2.01 per share. This compares to earnings of $1.72 per share a year ago.
PFG's Q3 results are likely to reflect a rise in fee revenues, higher yields, favorable market performance and higher sales of single premium group annuities.