Here's What to Expect From Prudential Financial's Next Earnings Report

Newark, New Jersey-based Prudential Financial, Inc. (PRU) provides insurance, investment management, and other financial products and services worldwide. With a market cap of $45.7 billion, it operates through PGIM, Retirement Strategies, Group Insurance, Individual Life, and International Business segments. The insurance giant is expected to release its Q3 earnings after the market closes on Wednesday, Oct. 30. 

Ahead of the event, analysts expect Prudential Financial to report a profit of $3.47 per share, marginally up from $3.44 per share reported in the year-ago quarter. The company has exceeded Wall Street’s adjusted EPS projections in one of the past four quarters while missing the estimates on three other occasions. Its adjusted EPS for the last reported quarter grew 15.3% year-over-year to $3.39 but missed the estimates by 1.2%.