Equitable Hldgs Q4 Adj EPS $1.33 Beats $1.20 Estimate, Sales $2.17B Miss $3.54B Estimate
Portfolio Pulse from saritha@benzinga.com
Equitable Holdings (EQH) reported Q4 adjusted EPS of $1.33, surpassing the $1.20 estimate, marking a 19.82% year-over-year increase. However, its sales of $2.17B fell short of the $3.54B estimate, a 38.70% miss, though it's a 14.45% increase from last year.
February 06, 2024 | 9:16 pm
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NEUTRAL IMPACT
Equitable Holdings reported a mixed Q4 with EPS beating estimates but sales missing expectations.
The positive earnings surprise could support investor confidence and potentially offset concerns about the sales miss in the short term. However, the significant miss in sales expectations might raise questions about revenue growth sustainability, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100