Equitable Holdings Third Quarter 2024 Earnings: Misses Expectations

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).

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.

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