Equitable Holdings Full Year 2023 Earnings: Misses Expectations
Equitable Holdings (NYSE:EQH) Full Year 2023 Results
Key Financial Results
Revenue: US$10.5b (down 27% from FY 2022).
Net income: US$1.22b (down 28% from FY 2022).
Profit margin: 12% (in line with FY 2022).
EPS: US$3.49 (down from US$4.52 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Equitable Holdings Revenues and Earnings Miss Expectations
Revenue missed analyst estimates by 23%. Earnings per share (EPS) also missed analyst estimates by 47%.
Looking ahead, revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 3.8% growth forecast for the Diversified Financial industry in the US.
Performance of the American Diversified Financial industry.
The company's shares are up 3.8% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Equitable Holdings that you should be aware of.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
