Corebridge Financial (CRBG) Beats Q4 Earnings Estimates

Corebridge Financial Overview - Corebridge Financial (CRBG) reported quarterly earnings of $1.23 per share, exceeding the Zacks Consensus Estimate of$ 1.19 per share, and up from $1.04 per share a year ago, representing an earnings surprise of 3.36% [1] - The company posted revenues of$ 5.02 billion for the quarter ended December 2024, which fell short of the Zacks Consensus Estimate by 16.74%, compared to $5.92 billion in the same quarter last year [2] - Corebridge has surpassed consensus EPS estimates in all four of the last quarters, but has only topped consensus revenue estimates once during the same period [2] Stock Performance and Outlook - Corebridge shares have increased approximately 10.8% since the beginning of the year, outperforming the S&P 500's gain of 3.2% [3] - The future performance of the stock will largely depend on management's commentary during the earnings call and the trends in earnings estimate revisions [3][4] - The current consensus EPS estimate for the upcoming quarter is$ 1.27 on revenues of $5.64 billion, and for the current fiscal year, it is$ 5.50 on revenues of $23.02 billion [7] Industry Context - The Zacks Industry Rank places the Insurance - Multi line sector in the top 36% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - Another company in the same industry, MBIA (MBI), is expected to report a quarterly loss of$ 0.11 per share, with revenues projected to decline by 38.9% year-over-year [9]