Sterne Agee has published a research report on Prudential Financial, Inc. PRU following 3Q results that impressed analysts by exceeding estimates.
In the report, Sterne Agee writes "PRU reported Op. EPS of $2.12 vs. our $1.48 and consensus $1.45. Results included $0.73 of net positive items (mostly DAC related), with Core EPS at $1.38, below our Core estimate of $1.45. (We had $0.03 of positive items in Ind. Life.) In aggregate, the operating businesses beat us by a net $0.06 in the quarter ex. items, while Corporate missed us by ($0.12)."
Sterne Agee maintains its Buy rating and $65 price target.
Prudential Financial closed yesterday at $54.11.
Market News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
---|
Posted In: Analyst ColorAnalyst RatingsFinancialsLife & Health InsurancePrudential FinancialSterne Agee
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in