Equitable Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Equitable Holdings Inc EQH reported quarterly adjusted earnings of $1.10​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $1.43. The mean expectation of twelve analysts for the quarter was for earnings of $1.29 per share. Wall Street expected results to range from $1.24 to $1.34 per share.

• Revenue fell 34.8% to $2.36 billion from a year ago; analysts expected $3.93 billion.

• Equitable Holdings Inc's reported EPS for the quarter was a loss of $1.21​.

• The company reported a quarterly loss of $367 million.

• Equitable Holdings Inc shares had fallen by 9.6% this quarter and gained 7.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 24.8% in the last three months.​

• In the last 30 days, nine analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the diversified investment services peer group is also "buy"

• Wall Street's median 12-month price target for Equitable Holdings Inc is $66.00, about 22.8% above its last closing price of $50.93

This summary was machine generated from LSEG data August 6 at 12:48 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)