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Equitable Holdings, Inc. (EQH) reported $3.62 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 8.5%. EPS of $1.43 for the same period compares to $1.17 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $3.79 billion, representing a surprise of -4.35%. The company delivered an EPS surprise of +2.14%, with the consensus EPS estimate being $1.40.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Equitable Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
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Individual Retirement - Account Values - Total - Net flows
: $1.86 billion compared to the $1.84 billion average estimate based on two analysts.
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Individual Retirement - Account Values - General Account - Balance as of end of period
: $61.13 billion versus $60.37 billion estimated by two analysts on average.
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Individual Retirement - Separate Accounts
: $40.81 billion versus the two-analyst average estimate of $41.53 billion.
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Individual Retirement - Total Account Value - EOP
: $101.94 billion versus the two-analyst average estimate of $93.43 billion.
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Segment revenues- Corporate and Other
: $228 million versus $264.33 million estimated by three analysts on average.
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Segment revenues- Legacy
: $200 million compared to the $207.83 million average estimate based on three analysts.
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Segment revenues- Wealth Management
: $442 million versus the three-analyst average estimate of $439.92 million.
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Individual Retirement- Policy charges, fee income and premiums
: $176 million versus $178.46 million estimated by two analysts on average.
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Individual Retirement- Net investment income (loss)
: $548 million compared to the $548.93 million average estimate based on two analysts.
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Individual Retirement- Net derivative gains (losses)
: -$6 million compared to the -$5.56 million average estimate based on two analysts.
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Individual Retirement- Investment management, service fees and other income
: $92 million versus $90.49 million estimated by two analysts on average.
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Group Retirement- Policy charges, fee income and premiums
: $79 million versus the two-analyst average estimate of $72.52 million.