Principal Financial Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Principal Financial Group Inc PFG.OQ reported quarterly adjusted earnings of $1.81​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $1.65. The mean expectation of fourteen analysts for the quarter was for earnings of $1.83 per share. Wall Street expected results to range from $1.70 to $1.92 per share.

• Revenue rose 5.5% to $4.01 billion from a year ago; analysts expected $3.99 billion.

• Principal Financial Group Inc's reported EPS for the quarter was 21 cents​.

• The company reported quarterly net income of $48.1 million.

• Principal Financial Group Inc shares had fallen by 12.2% this quarter and lost 4.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.1% 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 "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 7 "hold" and 3 "sell" or "strong sell." The average consensus recommendation for the life & health insurance peer group is also "hold"

• Wall Street's median 12-month price target for Principal Financial Group Inc is $82.00

This summary was machine generated from LSEG data April 24 at 09:36 p.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)