Prudential Financial, Inc. (PRU)\u00a0is a leading global financial services company headquartered in Newark, New Jersey.\u00a0With a market cap of\u00a0$35.4 billion, the firm provides a wide range of insurance, investment management, and retirement-related products and services to individual and institutional clients across the United States, Asia, Europe, and Latin America.<\/p>\n
The insurance giant is\u00a0expected to release\u00a0its Q3 earnings after the market closes on Wednesday, Oct. 29. Ahead of the event, analysts expect Prudential to report a profit of\u00a0$3.60 per share, up 3.5% from\u00a0$3.48 per share\u00a0reported in the year-ago quarter. The company has beaten Wall Street\u2019s adjusted EPS estimates in three of the past four quarters while missing on another occasion.<\/p>\n
For fiscal 2025, analysts expect PRU to deliver an EPS of $13.77, up 9.1% from $12.62 in\u00a0fiscal 2024. In fiscal 2026, its earnings are expected to further grow 7.3% annually to $14.77 per share.<\/p>\n
www.barchart.com <\/p>\n
PRU has\u00a0plunged 21.2%\u00a0over the past 52 weeks, trailing the S&P 500 Index\u2019s ($SPX)\u00a014.1% returns\u00a0and the Financial Select Sector SPDR Fund\u2019s (XLF)\u00a09.6% surge\u00a0during the same time frame.<\/p>\n
www.barchart.com <\/p>\n
The stock\u2019s weak momentum over the past year stems from high interest rates, lower investment spreads, and foreign exchange pressures in the company\u2019s international operations.<\/p>\n
On October 16, Prudential Financial\u00a0shares fell 3.2% after two major Wall Street firms,\u00a0KBW\u2019s Ryan Krueger and\u00a0Piper Sandler\u2019s John Barnidge, reiterated \u201cHold\u201d ratings, with price targets of $117 and $110, respectively. The cautious outlook signaled fading investor confidence amid ongoing earnings and margin pressures.<\/p>\n
PRU holds a consensus \u201cHold\u201d rating overall as analysts remain cautious about the stock\u2019s prospects. Of the 19 analysts covering the stock, only two recommend \u201cStrong Buy,\u201d while 15 suggest \u201cHold\u201d and two advocate a \u201cStrong Sell\u201d rating. Its mean price target of $116.73 represents an 16% premium to current price levels.<\/p>\n
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally\u00a0published on Barchart.com<\/a> <\/p>\n","protected":false},"excerpt":{"rendered":"Prudential Financial, Inc. (PRU)\u00a0is a leading global financial services company headquartered in Newark, New Jersey.\u00a0With a market cap…\n","protected":false},"author":2,"featured_media":135187,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[177],"tags":[79,18,80690,19,54319,17,10269,73867,234,235,80689],"class_list":["post-135186","post","type-post","status-publish","format-standard","has-post-thumbnail","category-personal-finance","tag-business","tag-eire","tag-eps-estimates","tag-ie","tag-investment-management","tag-ireland","tag-new-jersey","tag-newark","tag-personal-finance","tag-personalfinance","tag-prudential-financial-inc"],"share_on_mastodon":{"url":"","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/135186","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=135186"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/135186\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/135187"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=135186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=135186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=135186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}