Principal Financial (PFG) Reports Next Week: Wall Street Expects Earnings Growth

Company Analysis: Principal Financial - Principal Financial has an Earnings ESP of -0.47%, indicating analysts have become bearish on the company's earnings prospects [4] - The stock currently holds a Zacks Rank of 3 (Hold), making it difficult to predict a consensus EPS beat [5][6] - In the last reported quarter, Principal Financial's actual earnings were $1.65 per share, missing the expected $1.74 by -5.17% [7] - Over the last four quarters, the company has beaten consensus EPS estimates two times [8] Industry Analysis: Ameriprise Financial Services - Ameriprise Financial Services is expected to post earnings of $8.51 per share for the quarter ended June 2024, reflecting a year-over-year increase of +14.4% [12] - The expected revenue for Ameriprise is $4.18 billion, up 9.2% from the previous year [12] - The consensus EPS estimate for Ameriprise has been revised 0.1% lower in the last 30 days, but a higher Most Accurate Estimate results in an Earnings ESP of 0.77%, suggesting a likely beat of the consensus EPS estimate [13] - Ameriprise has beaten consensus EPS estimates in each of the trailing four quarters [13] Earnings Expectations - Principal Financial is expected to deliver a year-over-year increase in earnings on higher revenues for the quarter ended June 2024 [22] - The consensus EPS estimate for Principal Financial is projected at $1.87 per share, representing a year-over-year change of +22.2% [16] - Revenues for Principal Financial are expected to be $3.78 billion, up 7.9% from the year-ago quarter [17] - The consensus EPS estimate for the quarter has been revised 1.74% lower over the last 30 days, reflecting a reassessment by covering analysts [18]