American Equity (AEL) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended June 2023, American Equity Investment (AEL) reported revenue of $542.69 million, down 8.4% over the same period last year. EPS came in at $1.62, compared to $0.98 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $555.03 million, representing a surprise of -2.23%. The company delivered an EPS surprise of -1.82%, with the consensus EPS estimate being $1.65.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how American Equity performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Premiums and other considerations: $2.52 million compared to the $4.61 million average estimate based on six analysts.
Net investment income: $542.69 million versus the six-analyst average estimate of $559.96 million. The reported number represents a year-over-year change of -8.4%.
Annuity product charges: $71.64 million versus $59.59 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +29.1% change.
Revenues- Surrender charges: $33.78 million versus the five-analyst average estimate of $19.79 million.
Revenues- Lifetime income benefit rider fees: $37.87 million versus $37.74 million estimated by five analysts on average.
Other revenue: $16.74 million compared to the $19.47 million average estimate based on three analysts. The reported number represents a change of +82% year over year.
View all Key Company Metrics for American Equity here>>>
Shares of American Equity have returned +1.5% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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American Equity Investment Life Holding Company (AEL) : Free Stock Analysis Report
