Prudential Financial, Inc. (NYSE:PRU) is expected to report third quarter earnings results, after market close, on Tuesday 3rd November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 2.72 per share.
Looking ahead, the full year income are expected at $ 9.39 per share on the revenues of $ 55168.70 million.
Previous Quarter Performance
Prudential Financial, Inc. unwinded income for the second quarter of $ 1.85 per share, from the revenue of $ 13,078.00 million. The quarterly earnings contracted 41.08 percent while revenues declined 7.29 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.71 per share from $ 12634.80 million in revenue. The bottom line results beat street analysts by $ 0.14 or 8.19 percent, at the same time, top line results outshined analysts by $ 443.20 million or 3.51 percent.
Stock Performance
Shares of Prudential Financial, Inc. traded up $ 1.91 or 2.98 percent on Monday, reaching $ 65.93 with volume of 2.01 million shares. Prudential Financial, Inc. has traded high as $ 66.30 and has cracked $ 64.19 on the downward trend
The closing price of $ 65.93, representing a 65.77 % increase from the 52 week low of $ 38.62 and a 34.16 % decrease over the 52 week high of $ 97.24.
The company has a market capital of $ 26.04 billion and is part of the Financial Services sector and Insurance – Life industry.
Recent Analyst recommendations
- On 6th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 74.00 target price.
Prudential Financial, Inc., through its subsidiaries, provides insurance, investment management, and other financial products and services. It operates through PGIM, U.S. Workplace Solutions, U.S.
