Jackson Financial (JXN) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - Jackson Financial's stock closed at $102.77, reflecting a +0.78% change from the previous trading day, outperforming the S&P 500's loss of 0.33% [1] - Over the last month, the company's shares have increased by 12.99%, significantly surpassing the Finance sector's loss of 5.18% and the S&P 500's gain of 1.83% [1] Upcoming Earnings - The upcoming earnings report for Jackson Financial is scheduled for November 6, 2024, with an expected EPS of $4.66, representing a 22.63% increase from the prior-year quarter [2] - Revenue is projected to be $1.73 billion, which is a decrease of 33.55% from the prior-year quarter [2] Full Year Estimates - For the full year, analysts expect earnings of $18.79 per share and revenue of $6.87 billion, indicating increases of +46.34% and +117.46% respectively from the previous year [3] Analyst Sentiment - Recent changes to analyst estimates for Jackson Financial suggest a positive outlook on the company's business operations and profit generation capabilities [4] - Upward revisions in estimates are typically associated with favorable stock price performance [5] Zacks Rank and Valuation - Jackson Financial currently holds a Zacks Rank of 2 (Buy), with a consensus EPS projection that has increased by 1.6% in the past 30 days [6] - The company is trading at a Forward P/E ratio of 5.43, which is a discount compared to its industry's Forward P/E of 11.69 [7] Industry Context - The Financial - Miscellaneous Services industry, part of the Finance sector, has a Zacks Industry Rank of 87, placing it in the top 35% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]