Equitable Holdings Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Equitable Holdings (NYSE:EQH) Full Year 2024 Results

Key Financial Results

• Revenue: US$12.8b (up 21% from FY 2023).
• Net income: US$1.23b (flat on FY 2023).
• Profit margin: 9.6% (down from 12% in FY 2023). The decrease in margin was driven by higher expenses.
• EPS: US$3.82 (up from US$3.49 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Equitable Holdings EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 19%. Earnings per share (EPS) exceeded analyst estimates by 14%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 6.4% growth forecast for the Diversified Financial industry in the US.

Performance of the American Diversified Financial industry.

The company's shares are down 2.9% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We've done some analysis and you can see our take on Equitable Holdings' balance sheet.

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