Prudential Financial Inc. is a New Jersey-based company that offers insurance, investment management, and financial products globally, with a market cap of $36.2 billion. The company is set to report its Q2 earnings, with analysts expecting a profit of $3.24 per share, down 4.4% from the year-ago quarter.
Analysts predict that Prudential Financial will deliver an EPS of $13.45 for fiscal 2025, up 6.6% from the previous year, and $14.72 per share for fiscal 2026. Despite this, the stock has plunged 16.4% in the past 52 weeks, underperforming major indices like the S&P 500 and XLF.
After releasing mixed Q1 results, Prudential Financial’s stock dipped nearly 1%. While net investment income improved, premiums declined, and revenues came in at $13.5 billion, missing Street expectations. The company’s adjusted EPS for the quarter was $3.29, beating consensus estimates by two cents.
Analysts hold a consensus “Hold” rating on PRU, with only two recommending “Strong Buy,” 13 suggesting “Hold,” and two advocating “Strong Sell.” The mean price target of $116.13 represents an 11.4% premium to current price levels.
Read more at Yahoo Finance: What You Need To Know Ahead of Prudential Financial’s Earnings Release
