In its upcoming report, Prudential (PRU) is predicted by Wall Street analysts to post quarterly earnings of $3.28 per share, reflecting an increase of 27.1% compared to the same period last year. Revenues are forecasted to be $14.15 billion, representing a year-over-year increase of 8.7%.The consensus EPS estimate for the quarter has undergone a downward revision of 0.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initia ...

Core Viewpoint - Prudential Financial Inc. (PRU) is experiencing strong investor confidence, with its stock trading near a 52-week high and showing solid upward momentum, supported by positive growth projections and favorable analyst sentiment [1][4][5]. Group 1: Stock Performance and Market Position - PRU's shares have rallied 24.8% year to date, outperforming the Finance sector's return of 22.9%, but underperforming the industry's growth of 26% and the S&P 500's return of 26.7% [2]. - The company has a market capitalization of $46.1 billion, with an average trading volume of 1.48 million shares over the last three months [3]. Group 2: Growth Projections - The Zacks Consensus Estimate for PRU's 2024 earnings per share indicates a year-over-year increase of 14.8%, with revenues projected at $68.20 billion, implying a year-over-year improvement of 34% [4]. - For 2025, the consensus estimate for earnings per share indicates a year-over-year increase of 10% from the 2024 estimate [4]. Group 3: Analyst Sentiment - Six out of nine analysts covering PRU have raised their estimates for 2024, and four analysts have raised estimates for 2025 in the past 30 days, resulting in a 0.3% upward adjustment in the consensus estimates for both years [5]. Group 4: Financial Efficiency - PRU's Return on Invested Capital (ROIC) has been increasing, with a trailing 12-month ROIC of 0.9%, which is better than the industry average of 2.5% [6]. Group 5: Business Strengths - The company benefits from solid asset-based businesses, improved margins in Group Insurance, and international operations, with a high-performing asset management business and a strong position in the pension risk transfer market [7]. - PRU is among the top five individual life insurance companies in the U.S., holding leading positions in various life insurance products and expanding its retirement business [8]. Group 6: Market Expansion - The U.S. business segment is focused on enhancing customer experiences and expanding its addressable market with new financial solutions [9]. - PRU's strong international presence, particularly in Japan and Brazil, provides organic growth opportunities, with Brazil expected to contribute significantly to earnings growth in the coming years [10][11]. Group 7: Valuation - PRU's stock is currently undervalued compared to its industry, trading at a price-to-earnings multiple of 8.88, lower than the industry average of 9.63, and has an impressive Value Score of A [12]. Group 8: Conclusion - The combination of a growing presence in the pension risk transfer market, higher earnings from emerging markets, expanded distribution, and a solid financial position makes PRU a strong candidate for investment [13].

Financial Data and Key Metrics Changes - The company reported a pretax adjusted operating income of $1.6 billion or $3.48 per share for Q3 2024, with a year-to-date adjusted operating income of $9.98 per share, reflecting a 6% increase compared to the previous year [20][41] - Year-to-date adjusted operating return-on-equity improved by 0.5 percentage points to 13.7%, indicating stronger business performance and capital efficiency [21][49] Business Line Data and Key Metrics Changes - PGIM's assets under management increased by 15% to $1.4 trillion, driven by market appreciation and net flows, with total net flows of $3.2 billion in the quarter [26][27] - Retirement Strategies generated nearly $15 billion in sales during Q3, with institutional retirement sales totaling $11 billion, including a $6.3 billion pension risk transfer transaction with IBM [31][32] - Individual Retirement posted $3.6 billion in sales, marking its best quarter in over a decade, with strong performance from registered index-linked annuities and fixed annuity products [33][64] - Group Insurance sales increased by 3% year-to-date, driven by growth in supplemental health products [34] Market Data and Key Metrics Changes - Sales in international businesses rose by 25% year-over-year, with Japan's retirement and savings products sales up 30% compared to the prior year [39] - The company captured about 40% of the pension risk transfer market year-to-date [32] Company Strategy and Development Direction - The company is focused on becoming a higher-growth, more capital-efficient organization by diversifying product offerings and expanding global distribution networks [8][50] - Strategic partnerships, such as with JPMorgan Asset Management, are being pursued to enhance product offerings and market reach [12] - The company is investing in technology to improve sales, service, and claims experiences across its businesses [15] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's strategy and capabilities, highlighting a strong financial position with over $4 billion in highly liquid assets [17][49] - The company anticipates continued demand for retirement products in Japan and emerging markets, driven by demographic trends and evolving customer needs [60][39] Other Important Information - The company plans to introduce new intermediate-term financial targets to provide better insight into its financial outlook [48][91] - A disciplined approach to capital deployment was maintained, with over $700 million returned to shareholders during Q3 [17][56] Q&A Session Summary Question: Update on Prismic and capital usage - Management indicated a visible pipeline for reinsurance transactions, particularly in Japan, and emphasized a disciplined approach to capital redeployment [52][56] Question: Margins on retirement products in Japan - Management expressed confidence in the profitability of retirement product sales in Japan, expecting no negative impact on margins despite a shift in product mix [59][60] Question: Sales mix between yen and foreign currency products in Japan - The company reported that yen-based sales have nearly doubled over the last three years, contributing to a 29% year-over-year sales increase [66] Question: Impact of excess mortality on reserves - Management confirmed that their mortality assumptions reflect continued excess mortality through 2028, with a diversified mix of businesses providing natural hedges [70][71] Question: Institutional outflows and future expectations - Management noted variability in institutional fixed income flows but expects normalization as the rate curve stabilizes [75][78] Question: Reinsurance opportunities in Japan - Management highlighted the strategic importance of reinsurance for optimizing capital and mitigating risks associated with the new economic solvency regime [108][114]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period from to Commission File Number 001-16707 Prudential Financial, Inc. (Exact Name of Registrant as Specified in its Charter) New Jersey 22-3703799 (State ...

For the quarter ended September 2024, Prudential (PRU) reported revenue of $19.48 billion, up 92.4% over the same period last year. EPS came in at $3.48, compared to $3.44 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $14.57 billion, representing a surprise of +33.71%. The company delivered an EPS surprise of +0.29%, with the consensus EPS estimate being $3.47.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...

Prudential (PRU) came out with quarterly earnings of $3.48 per share, beating the Zacks Consensus Estimate of $3.47 per share. This compares to earnings of $3.44 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.29%. A quarter ago, it was expected that this financial services company would post earnings of $3.43 per share when it actually produced earnings of $3.39, delivering a surprise of -1.17%.Over the last four quarters, ...

Table of Contents Exhibit 99.2 Prudential Financial, Inc. (PRU) Quarterly Financial Supplement Third Quarter 2024 | --- | --- | |-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|--------------------| | | | | | | | Reference is made to Prudential Financial, Inc.'s (PFI) filings with the Securiti ...

Wall Street analysts expect Prudential (PRU) to post quarterly earnings of $3.47 per share in its upcoming report, which indicates a year-over-year increase of 0.9%. Revenues are expected to be $14.57 billion, up 43.9% from the year-ago quarter.The consensus EPS estimate for the quarter has undergone an upward revision of 0.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Prior to a ...

Prudential Financial Inc. (PRU) closed at $121.10 on Monday, near its 52-week high of $128.53. This proximity underscores investor confidence. It has the ingredients for further price appreciation. The stock is trading above the 50-day and 200-day simple moving averages (SMA) of $117.29 and $113.28, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.Shares of this multi-line insurer have gained 16.8% ...

Buying this stock truly is getting "a piece of the rock."For years, the top advertising slogan for Prudential Financial (PRU 0.36%) was "Get a piece of the rock." The global financial services and investment management company still uses the iconic image of the Rock of Gibraltar in its logo.I just got a piece of the rock. Instead of buying insurance or another financial product from Prudential, though, I invested in the company. Here's why I just loaded up on this dirt cheap, high-yield dividend stock.1. It ...