Prudential Financial Inc (NYSE: PRU) has reported earnings for its first fiscal quarter (ending March 31) of $3.13 versus $3.94 for the same period a year ago — a decline of -21%. This result fell short of the consensus estimate of $3.59 by $-0.46. For the latest four quarters through March 31, E.P.S. were $5.90 versus $0.81 for the same period a year ago — an increase of 628%.
Recent Price Action
Prudential Financial Inc (NYSE: PRU) stock declined modestly by -1.3% on 4/30/24. The stock closed at $110.48. Moreover, this decline was accompanied by unusually high trading volume at 164% of normal. The stock has been strong relative to the market over the last nine months but has declined -0.9% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to exceed the cost of capital, PRU is expected to continue to be a major Value Builder.
Prudential Financial has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Prudential Financial has a neutral Appreciation Score of 43 but a good Power Rating of 84, producing the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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