Equitable Holdings (EQH) Reports Q3 Earnings: What Key Metrics Have to Say

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]