Jackson Finl Q2 2024 Adj EPS $3.43 Misses $4.36 Estimate, Sales $1.25B Miss $1.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Jackson Financial (NYSE:JXN) reported Q2 2024 adjusted EPS of $3.43, missing the $4.36 estimate by 21.33%. Sales were $1.25B, missing the $1.70B estimate by 26.83%. Despite the misses, sales increased by 204.15% from $410M last year.
August 07, 2024 | 8:20 pm
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Jackson Financial (NYSE:JXN) reported Q2 2024 adjusted EPS of $3.43, missing the $4.36 estimate by 21.33%. Sales were $1.25B, missing the $1.70B estimate by 26.83%. Despite the misses, sales increased by 204.15% from $410M last year.
The significant misses on both EPS and sales estimates are likely to negatively impact the stock price in the short term. However, the substantial year-over-year sales growth may provide some support.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100