Equitable Holdings Third Quarter 2024 Earnings: Misses Expectations

Simply Wall St

November 06, 2024

Equitable Holdings (NYSE:EQH) Third Quarter 2024 Results

Key Financial Results

Revenue: US$3.08b (down 21% from 3Q 2023).
Net loss: US$134.0m (down by 113% from US$1.05b profit in 3Q 2023).
US$0.42 loss per share (down from US$3.03 profit in 3Q 2023).

earnings-and-revenue-growth — NYSE:EQH Earnings and Revenue Growth November 6th 2024

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 20%. Earnings per share (EPS) was also behind analyst expectations.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 3.4% 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.

Risk Analysis

What about risks? Every company has them, and we've spotted 1 warning sign for Equitable Holdings you should know about.

Valuation is complex, but we're here to simplify it.

Discover if Equitable Holdings might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

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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.