Equitable Holdings stock shot up more than 13% Wednesday to an all-time high amid the huge postelection market surge. Thursday afternoon it was down less than 4%, holding onto the bulk of the prior day's gain. Also Thursday morning the Relative Strength (RS) Rating for Equitable stock climbed to an outstanding 91, up from 87 the day before.
Equitable has put up terrific earnings growth numbers this past year, from 53% four quarters ago to 49%, 22% and then 33% last quarter to $1.53 per share. Sales growth has been uneven, but analyst consensus, cited by FactSet, is for outstanding sales growth just ahead. The Street sees sales rising 9% this quarter and then soaring 77% in the first quarter of 2025.
Equitable Stock Surges Past Key Benchmark
The RS Rating upgrade to 91 shows that Equitable Holdings stock outperformed 91% of all stocks, regardless of industry group, over the past year. Research on over 100 years of market history shows that stocks that go on to make the biggest gains often have an 80 or better RS Rating in the early stages of their moves.
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Equitable stock nearly doubled is just over a year, rising from a 24.65 intraday low on Nov. 1, 2023 to trade above 48 Thursday afternoon. It's considered to be consolidating currently after clearing a 44.50 buy point in a second-stage consolidation. See if the stock forms a new pattern or follow-on buying opportunity like a three-weeks tight or pullback to the 50-day or 10-week moving average.
Equitable Holdings provides financial advisory services along with retirement and asset management. It operates under three brands, its namesake Equitable, asset manager AllianceBernstein and Equitable Advisors, a wealth-management firm offering what it terms on its website a "holistic advice platform."
Other Ratings Also Strong
Among its other key ratings New York-based Equitable has a strong 84 EPS Rating out of 99, and a near-best 94 Composite Rating. The 94 Composite shows that Equitable is in the top 6% of stocks for a group of fundamental and technical metrics. Its B Accumulation/Distribution Rating on an A+ to E scale shows that big funds are fairly heavy buyers of its stock.
Equitable Holdings earns the No. 17 rank among its peers in the 117-stock Finance-Investment Management industry group. Janus Henderson Group, KKR and Blue Owl Capital are among the top 5 highly rated stocks within the group.
IBD's unique rating measures market leadership with a 1 (worst) to 99 (best) score. The grade shows how a stock's price performance over the trailing 52 weeks holds up against all the other stocks in our database.
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