Prudential (PRU) Misses Q4 Earnings and Revenue Estimates

Core Viewpoint - Prudential's quarterly earnings of $2.58 per share missed the Zacks Consensus Estimate of $2.67 per share, representing an earnings surprise of -3.37% [1] - The company reported revenues of $13.02 billion, slightly below the consensus estimate, but up from $12.65 billion a year ago [1] Financial Performance - Earnings per share (EPS) for the quarter was $2.58, compared to $2.42 a year ago [1] - The company has surpassed consensus EPS estimates only once in the last four quarters [1] - Revenues for the quarter were $13.02 billion, missing the Zacks Consensus Estimate by 0.35% [1] - Prudential's shares have declined approximately 0.9% year-to-date, while the S&P 500 has gained 3.6% [2] Future Outlook - The earnings outlook for Prudential is currently favorable, with a Zacks Rank of 2 (Buy), indicating expected outperformance in the near future [4] - The current consensus EPS estimate for the upcoming quarter is $3.29, with projected revenues of $13.76 billion [4] - For the current fiscal year, the consensus EPS estimate is $13.32 on revenues of $54.13 billion [4] Industry Context - The Insurance - Multi line industry is ranked in the top 42% of over 250 Zacks industries, suggesting a favorable environment for Prudential [5] - American International Group (AIG), a competitor in the same industry, is expected to report quarterly earnings of $1.59 per share, reflecting a year-over-year increase of 16.9% [5][6]