Overview

* Equitable Holdings ( EQH ) reports Q3 net loss of $1.3 bln due to life reinsurance impact

* Adjusted EPS for Q3 misses analyst expectations

* Assets under management rose 7% yr/yr to $1.1 trillion

Outlook

* Equitable Holdings ( EQH ) maintains confidence in achieving 2027 financial targets

* Company plans $1.5 bln capital deployment for growth and shareholder value

* Equitable Holdings ( EQH ) sees favorable market conditions supporting growth

Result Drivers

* REINSURANCE IMPACT - Net loss driven by one-time impact from life reinsurance transaction

* NET INFLOWS - Strong net inflows in Retirement and Wealth Management segments contributed to AUM growth

* CAPITAL DEPLOYMENT - $1.5 bln capital deployment for shareholder value and growth, including buybacks and debt repayment

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Miss $1.48 $1.67 (9

Adjusted Analysts

EPS )

Q3 EPS -$4.47

Q3 Net -$1.30

Income bln

Q3 $455 mln

Adjusted

Operatin

g

Earnings

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the diversified investment services peer group is "buy"

* Wall Street's median 12-month price target for Equitable Holdings Inc ( EQH ) is $64.00, about 23.8% above its November 3 closing price of $48.79

* The stock recently traded at 6 times the next 12-month earnings vs. a P/E of 7 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)