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Equitable Holdings (EQH)
NYSE:EQH
Holding EQH?
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.65Last Year’s EPS
$1.33Same Quarter Last Year
Strong Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 04, 2024
|% Change Since: 3.89%
|Next Earnings Date:Feb 05, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted Equitable Holdings' strong growth in assets under management and earnings, with significant positive net flows across business segments. However, the GAAP net loss and challenges in the Individual Retirement segment were notable lowlights. Overall, the positive highlights significantly outweigh the lowlights, indicating a strong performance and outlook.Company Guidance
During Equitable Holdings' third quarter 2024 earnings call, the management provided a robust outlook, highlighting several key metrics that underscore the company's growth trajectory. Non-GAAP operating earnings were reported at $501 million, translating to $1.53 per share, marking a 34% increase year-over-year. Adjusted for notable items, the non-GAAP operating EPS rose to $1.59, exceeding the company's annualized growth guidance of 12% to 15%. Additionally, assets under management and administration saw a substantial 20% increase from the prior year, surpassing the $1 trillion mark. The firm returned $330 million to shareholders, equating to a 65% payout ratio, and projected full-year cash generation to be at the high end of their $1.4 billion to $1.5 billion guidance range. The call also highlighted positive net flows in retirement, asset, and wealth management segments, alongside strategic collaborations, such as with JPMorgan Asset Management, to enhance product offerings within the U.S. retirement market.Record Assets Under Management
Assets under management and administration increased 20% year-over-year, surpassing $1 trillion, driven by market appreciation and positive net inflows.
Strong Earnings Growth
Non-GAAP operating earnings were $501 million or $1.53 per share, up 34% year-over-year. Adjusted EPS was $1.59, up 22% compared to the prior year.
Positive Net Flows
Equitable Holdings experienced positive net flows across retirement, asset management, and wealth management businesses.
AllianceBernstein's Performance
AB reported its third consecutive quarter of organic growth, with total net inflows of $1.1 billion and active net inflows of $2.2 billion, leading to a 330 basis point year-over-year margin improvement.
Wealth Management Growth
Record advisory net inflows of $1.9 billion with assets under administration now exceeding $100 billion.
Capital Return to Shareholders
Returned $330 million to shareholders during the quarter, equating to a 65% payout ratio within the targeted range of 60% to 70%.
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EQH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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EQH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 04, 2024 | $44.78 | $44.27 | -1.14% |
| Jul 30, 2024 | $42.70 | $43.12 | +0.98% |
| Apr 30, 2024 | $36.28 | $37.95 | +4.60% |
| Feb 06, 2024 | $31.98 | $32.91 | +2.91% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Equitable Holdings (EQH) report earnings?
Equitable Holdings (EQH) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Equitable Holdings (EQH) earnings time?
Equitable Holdings (EQH) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is EQH EPS forecast?
EQH EPS forecast for the fiscal quarter 2024 (Q4) is $1.65.
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