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Last week, you might have seen that Corebridge Financial, Inc. (NYSE:CRBG) released its full-year result to the market. The early response was not positive, with shares down 4.3% to US$32.02 in the past week. It looks to have been a decent result overall - while revenue fell marginally short of analyst estimates at US$19b, statutory earnings beat expectations by a notable 209%, coming in at US$3.72 per share. Following the result, the analysts have updated their earnings model, and it would be good to know whether they think there's been a strong change in the company's prospects, or if it's business as usual. So we gathered the latest post-earnings forecasts to see what estimates suggest is in store for next year.
Check out our latest analysis for Corebridge Financial
Taking into account the latest results, the consensus forecast from Corebridge Financial's ten analysts is for revenues of US$21.6b in 2025. This reflects a decent 15% improvement in revenue compared to the last 12 months. Statutory earnings per share are predicted to surge 32% to US$5.26. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$22.6b and earnings per share (EPS) of US$5.38 in 2025. It's pretty clear that pessimism has reared its head after the latest results, leading to a weaker revenue outlook and a minor downgrade to earnings per share estimates.
Despite the cuts to forecast earnings, there was no real change to the US$37.93 price target, showing that the analysts don't think the changes have a meaningful impact on its intrinsic value. There's another way to think about price targets though, and that's to look at the range of price targets put forward by analysts, because a wide range of estimates could suggest a diverse view on possible outcomes for the business. There are some variant perceptions on Corebridge Financial, with the most bullish analyst valuing it at US$43.00 and the most bearish at US$34.00 per share. This is a very narrow spread of estimates, implying either that Corebridge Financial is an easy company to value, or - more likely - the analysts are relying heavily on some key assumptions.
One way to get more context on these forecasts is to look at how they compare to both past performance, and how other companies in the same industry are performing. The analysts are definitely expecting Corebridge Financial's growth to accelerate, with the forecast 15% annualised growth to the end of 2025 ranking favourably alongside historical growth of 1.6% per annum over the past five years. By contrast, our data suggests that other companies (with analyst coverage) in a similar industry are forecast to grow their revenue at 6.5% per year. It seems obvious that, while the growth outlook is brighter than the recent past, the analysts also expect Corebridge Financial to grow faster than the wider industry.