Compared to Estimates, Voya (VOYA) Q3 Earnings: A Look at Key Metrics
Voya Financial (VOYA) reported $281 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 21.1%. EPS of $2.07 for the same period compares to $2.30 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $336.28 million, representing a surprise of -16.44%. The company delivered an EPS surprise of -0.96%, with the consensus EPS estimate being $2.09.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 Voya performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Total AUM and AUA - Health Solutions: $1.87 billion compared to the $1.91 billion average estimate based on four analysts.
Client Assets - Wealth Solutions - Full Service: $173.72 billion versus the four-analyst average estimate of $169.65 billion.
Client Assets - Wealth Solutions - Recordkeeping: $276.87 billion versus the four-analyst average estimate of $269.20 billion.
Total AUA - Investment Management: $55.07 billion versus the four-analyst average estimate of $55.77 billion.
Revenues- Fee income: $489 million versus $532.21 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +12.4% change.
Revenues- Net investment income: $547 million versus $495.89 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +4.8% change.
Revenues- Premiums: $682 million versus the four-analyst average estimate of $629.38 million. The reported number represents a year-over-year change of +12.4%.
Adjusted Operating Revenues- Investment Management - Total: $233 million versus the four-analyst average estimate of $225.99 million.
Adjusted Operating Revenues- Investment Management - Other revenue: $2 million versus the four-analyst average estimate of $2.66 million.
Adjusted Operating Revenues- Investment Management - Fee income: $224 million compared to the $221.20 million average estimate based on four analysts.
Adjusted Operating Revenues- Wealth Solutions - Total: $702 million compared to the $702.21 million average estimate based on four analysts.
Adjusted Operating Revenues- Wealth Solutions - Fee income: $246 million compared to the $237.36 million average estimate based on four analysts.
View all Key Company Metrics for Voya here>>>
Shares of Voya have returned -0.2% over the past month versus the Zacks S&P 500 composite's -2.8% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Voya Financial, Inc. (VOYA) : Free Stock Analysis Report
