Yahoo Finance Prudential Financial First Quarter 2024 Earnings: Beats Expectations
Prudential Financial (NYSE:PRU) First Quarter 2024 Results
Key Financial Results
Revenue: US$21.7b (up 27% from 1Q 2023).
Net income: US$1.12b (down 22% from 1Q 2023).
Profit margin: 5.2% (down from 8.5% in 1Q 2023). The decrease in margin was driven by higher expenses.
EPS: US$3.13 (down from US$3.94 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Prudential Financial Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 50%. Earnings per share (EPS) also surpassed analyst estimates by 8.2%.
Looking ahead, revenue is forecast to stay flat during the next 3 years compared to a 5.9% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
You should learn about the 1 warning sign we've spotted with Prudential Financial.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
