- Principal Financial‘s adjusted operating EPS for Q2 is $2.16, surpassing estimates of $1.96.
- Pre-tax operating profit totaled $594.9 million, exceeding the expected $545.6 million.
- Retirement and Income Solutions reported a pre-tax operating income of $292.1 million.
- Principal Global Investors achieved a pre-tax operating income of $157.9 million.
- Principal International generated a pre-tax operating income of $78.5 million.
- Benefits and Protection reported pre-tax operating earnings of $147.6 million.
- Book value per share is $51.14, higher than the estimated $50.79.
- Principal Asset Management reported pre-tax operating earnings of $236.4 million.
- The corporate sector incurred a pre-tax operating loss of $81.2 million.
- Analyst ratings include 3 buys, 8 holds, and 3 sells.
A look at Principal Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 3 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.4 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Principal Financial Group, Inc. shows promising long-term potential. With strong scores in Value and Dividend at 4 each, the company is regarded highly in terms of its investment worthiness and ability to provide attractive returns to shareholders through dividends. Despite slightly lower scores in Growth, Resilience, and Momentum at 3 each, Principal Financial‘s overall outlook remains positive.
Principal Financial Group, Inc. offers a wide range of financial products and services to businesses, individuals, and institutional clients. Specializing in retirement solutions, life and health insurance, wellness programs, and investment and banking products, the company’s diverse offerings contribute to its solid performance and reputation in the financial services industry.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
