Voya Financial (VOYA) Q3 Earnings Surpass Estimates

Core Viewpoint - Voya Financial reported quarterly earnings of $2.12 per share, exceeding the Zacks Consensus Estimate of $2.05 per share, and showing a slight increase from $2.07 per share a year ago, indicating a positive earnings surprise of 3.41% [1] Financial Performance - The company posted revenues of $289 million for the quarter ended September 2024, which fell short of the Zacks Consensus Estimate by 9.11%, compared to $281 million in the same quarter last year [2] - Over the last four quarters, Voya has surpassed consensus EPS estimates four times but has only topped consensus revenue estimates once [2] Stock Performance - Voya shares have increased approximately 9.6% since the beginning of the year, while the S&P 500 has gained 20.1%, indicating underperformance relative to the broader market [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $2.18 on revenues of $317.29 million, and for the current fiscal year, it is $8.14 on revenues of $1.25 billion [7] - The estimate revisions trend for Voya is mixed, resulting in a Zacks Rank 3 (Hold), suggesting that the shares are expected to perform in line with the market in the near future [6] Industry Context - The Insurance - Life Insurance industry, to which Voya belongs, is currently ranked in the top 27% of over 250 Zacks industries, indicating a favorable industry outlook [8]