- Principal Financial 1Q Adjusted Operating EPS was $1.65, lower than the estimated $1.73.
- The company’s pretax operating profit was $472.2 million, under the estimate of $505.1 million.
- Principal Asset Management Pre-Tax Oper Earnings saw a slight annual decrease of 0.4%, coming in at $187.1 million.
- The Retirement and Income Solutions Pre-Tax Operating Income was $262.2 million, slightly below the estimated $265.7 million.
- Principal Global Investors Pre-Tax Operating Income was $113.9 million, up 4.4% year over year.
- Principal International Pre-Tax Operating Income decreased 7% year-over-year to $73.2 million.
- Benefits and Protection Pre-Tax Oper Earnings increased 13% annually, registering at $111.8 million.
- The book value per share was $47.60, exceeding the estimate of $47.18.
- The analyst’s consensus for the company’s shares are 0 buys, 12 holds, 2 sells.
A look at Principal Financial Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 3 | |
| Dividend | 4 | |
| Growth | 3 | |
| Resilience | 4 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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
Principal Financial Group, Inc. has shown a solid long-term outlook according to the Smartkarma Smart Scores. The company received positive scores across various key factors, including Dividend, Resilience, and Momentum, indicating strength in these areas. With a focus on retirement solutions, life insurance, and investment products, Principal Financial is positioned well for the future.
Despite facing some challenges in terms of Value and Growth scores, the overall positive outlook in Dividend, Resilience, and Momentum is a good sign for investors considering Principal Financial for their portfolio. As a provider of financial products and services to businesses, individuals, and institutional clients, the company’s strong performance in key areas bodes well for its long-term sustainability and growth potential.
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.
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