Financial Performance - For the quarter ended September 2024, Equitable Holdings, Inc. reported revenue of $3.78 billion, an increase of 9.1% year-over-year [1] - Earnings per share (EPS) for the quarter was $1.53, compared to $1.15 in the same quarter last year [1] - The reported revenue was below the Zacks Consensus Estimate of $3.85 billion, resulting in a surprise of -1.95% [1] - The company delivered an EPS surprise of +0.66%, with the consensus EPS estimate being $1.52 [1] Key Metrics - Individual Retirement - Total Net flows were $1.91 billion, exceeding the average estimate of $1.54 billion [3] - Individual Retirement - General Account Balance at the end of the period was $66.47 billion, compared to the average estimate of $64.69 billion [3] - Individual Retirement - Separate Accounts totaled $42.39 billion, surpassing the average estimate of $41.10 billion [3] - Individual Retirement - Total Account Value at the end of the period was $108.87 billion, compared to the estimated $105.79 billion [3] - Segment revenues for Corporate and Other were $246 million, below the average estimate of $260 million [3] - Segment revenues for Legacy were $117 million, significantly lower than the average estimate of $199.10 million [3] - Segment revenues for Wealth Management were $450 million, slightly below the average estimate of $451.95 million [3] - Segment revenues for Protection Solutions were $839 million, compared to the average estimate of $850.66 million [3] - Individual Retirement - Policy charges, fee income, and premiums were $224 million, exceeding the average estimate of $179.82 million [3] - Individual Retirement - Net investment income was $635 million, above the average estimate of $582.14 million [3] - Individual Retirement - Net derivative losses were -$5 million, compared to the average estimate of -$5.99 million [3] - Individual Retirement - Investment management, service fees, and other income were $90 million, below the average estimate of $94.06 million [3] Stock Performance - Shares of Equitable Holdings have returned +5.2% over the past month, outperforming the Zacks S&P 500 composite's +0.4% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

Equitable Holdings, Inc. (EQH) came out with quarterly earnings of $1.53 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.15 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.66%. A quarter ago, it was expected that this company would post earnings of $1.40 per share when it actually produced earnings of $1.43, delivering a surprise of 2.14%.Over the last four quarters, the co ...

WILLIAMSVILLE, N.Y., Oct. 30, 2024 (GLOBE NEWSWIRE) -- National Fuel Gas Midstream Company, LLC (Midstream), the Gathering segment of National Fuel Gas Company (NYSE: NFG) (National Fuel or the Company), has been re-verified under Equitable Origin's EO100™ Standard for Responsible Energy Development. The re-verification independently confirms that Midstream continues to adhere to the performance obligations earned under Midstream's initial EO100™ certification, achieved in 2023, while also verifying Midstre ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Equitable Holdings, Inc. (EQH) reports results for the quarter ended September 2024. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on November 4, 2024, might help the stock move higher if these key numbers ar ...

Core Insights - The article emphasizes the importance of value investing as a successful strategy across various market conditions, focusing on fundamental analysis and traditional valuation metrics to identify undervalued stocks [2][4]. Company Analysis - Equitable Holdings (EQH) is highlighted as a stock to watch, currently holding a Zacks Rank of 2 (Buy) and an A for Value, indicating strong potential for value investors [4][7]. - EQH has a Forward P/E ratio of 6.12, significantly lower than the industry average of 14.57, suggesting it may be undervalued [4][6]. - The stock's Forward P/E has fluctuated between a high of 7.31 and a low of 4.23 over the past year, with a median of 5.79 [4]. - EQH's P/S ratio stands at 1.14, compared to the industry's average of 1.83, reinforcing the notion of undervaluation [5]. - The P/CF ratio for EQH is 7.76, which is also lower than the industry average of 15.96, indicating a favorable cash flow outlook [6]. - Over the past 12 months, EQH's P/CF has ranged from a high of 8.07 to a low of 3.06, with a median of 5.94 [6][7].

The new workforce development project, sponsored by JPMorganChase, promotes equal access to career opportunities for overlooked communities. WASHINGTON and WILMINGTON, Del., Sept. 25, 2024 /PRNewswire/ -- The Responsible Business Initiative for Justice (RBIJ) and JPMorganChase announce the launch of the Delaware Equitable Hiring Initiative (DE EHI), an innovative multi-year pilot project to help strengthen Wilmington's workforce by empowering local employers to tap into overlooked talent from the city's und ...

TORONTO, Sept. 3, 2024 /PRNewswire/ - Equitable Bank, Canada's Challenger Bank™, today announced that its wholly-owned subsidiary, Concentra Bank (the "Bank"), redeemed all of its issued and outstanding Class A Preferred Shares, Series 1, and Class A Preferred Shares, Series 2, on August 31, 2024 (the "Redemption Date"), at $25.00 per share for a total of $110,987,500, less any tax required to be deducted and withheld by the Bank. About Equitable Bank Equitable Bank has a clear mission to drive change in Ca ...

Equitable Holdings, Inc. (EQH) shares fell 10.9% since it reported second-quarter 2024 results on Jul 30, 2024, after the closing bell. Its strong second-quarter earnings benefited on the back of higher AUM/A, growth in spread income and fee-based revenues. Improved performance in Wealth Management and asset management were major tailwinds. However, the upside was partly offset by an elevated overall expense level. EQH reported second-quarter 2024 adjusted earnings per share (EPS) of $1.43, which outpaced t ...

Core Viewpoint - Equitable Holdings (EQH) has experienced a solid performance with a 31% gain over the past year, but a recent market sell-off has created an opportunity for investors as shares are now about 5% lower than the buy recommendation made in May [1] Financial Performance - In Q2, EQH reported earnings of $1.43, beating consensus by $0.03, with revenue of $3.5 billion, and a 20% increase in earnings year-over-year when excluding one-time items [1] - The company generated $2.3 billion in retirement net inflows during Q2, with spread products now accounting for approximately 50% of its assets under management (AUM) [1] Product Strategy - EQH is shifting towards less risky insurance products, reducing overall business risk and enabling more stable earnings [1][2] - The company is focused on earning a spread on investments versus payouts on annuities, benefiting from a favorable rate environment that has boosted sales [2] Segment Results - Individual retirement segment earned $236 million in Q2, a 23% increase in sales year-over-year, with account values rising 22% to $102 billion [3] - Group retirement saw a net inflow due to a $500 million partnership with BlackRock, with assets increasing by 12% to $39.3 billion [6] Alternative Investments - EQH's alternative investment portfolio has faced challenges, with a 2.6% loss in real estate equity, leading to a marked down portfolio [9] - Despite this, the company maintains a strong capital position with risk-based capital between 425-450%, and has paid a $400 million dividend to the holding company [10] Shareholder Returns - EQH is on track to return at least $1.4 billion to shareholders over the next year, with a projected capital return yield of 11.7-12% [10] - The company has reduced its share count by 8% over the past year, and raised its dividend to $0.24 from $0.22, maintaining a flat actual dividend cost compared to the previous year [10]

Equitable Holdings, Inc. (EQH) came out with quarterly earnings of $1.43 per share, beating the Zacks Consensus Estimate of $1.40 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.14%. A quarter ago, it was expected that this company would post earnings of $1.31 per share when it actually produced earnings of $1.43, delivering a surprise of 9.16%. Over the last four quarters, the ...