Jackson Financial (JXN) Misses Q3 Earnings Estimates

Core Viewpoint - Jackson Financial reported quarterly earnings of $4.60 per share, missing the Zacks Consensus Estimate of $4.66 per share, but showing an increase from $3.80 per share a year ago, indicating a year-over-year growth despite the earnings miss [1][2] Financial Performance - The company posted revenues of $1.75 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.12%, but down from $2.61 billion in the same quarter last year [2] - Over the last four quarters, Jackson Financial has surpassed consensus EPS estimates two times and topped consensus revenue estimates three times [2] Stock Performance - Jackson Financial shares have increased approximately 96.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 21.2% [3] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at $4.56 for the coming quarter and $18.79 for the current fiscal year, alongside expected revenues of $1.73 billion and $6.87 billion respectively [7] - The estimate revisions trend for Jackson Financial is currently favorable, leading to a Zacks Rank 1 (Strong Buy), suggesting that the shares are expected to outperform the market in the near future [6] Industry Context - The Financial - Miscellaneous Services industry, to which Jackson Financial belongs, is currently ranked in the top 29% of over 250 Zacks industries, indicating a positive outlook for stocks within this sector [8]