Principal Financial Group Inc (NASDAQ:PFG) is reporting third quarter financial results on Monday 26th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, PFG is expected to report 3Q20 income of $ 1.39 per share from revenue of $ 3627.45 million.
For the full year, analysts anticipate top line of $ 15119.20 million, while looking forward to income of $ 5.40 per share bottom line.
Previous Quarter Performance
Principal Financial Group Inc posted income for the second quarter of $ 1.46 per share, from the revenue of $ 3,181.00 million. The quarterly earnings shrunk 3.95 percent while revenues shrunk 20.52 percent compared with the same quarter last year.
The consensus estimates are income of $ 1.30 per share from $ 3846.05 million in revenue. The bottom line results beat street analysts by $ 0.16 or 12.31 percent, at the same time, top line results fell short of analysts by $ 665.05 million or 17.29 percent.
Stock Performance
On Friday, shares of Principal Financial Group Inc has traded high as $ 43.99 and has cracked $ 43.13 on the downward trend, reaching $ 43.52 with volume of 1.42 million shares.
According to the previous trading day, closing price of $ 43.52, representing a 84.21 % increase from the 52 week low of $ 23.31 and a 24.88 % decrease over the 52 week high of $ 57.16.
The company has a market capital of $ 11.95 billion and is part of the Financial Services sector and Insurance – Life industry.
Recent Analyst recommendations
- On 9th October 2020, maintained by UBS Group at Neutral rating, with $ 41.00 target price.
- On 6th October 2020, maintained by Morgan Stanley at Equal-Weight rating, with $ 49.00 target price.
Principal Financial Group, Inc. provides retirement, asset management, and insurance products and services to businesses, individuals, and institutional clients worldwide. The company operates through Retirement and Income Solutions, Principal Global Investors, Principal International, and U.S.
