We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Voya (VOYA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended March 2023, Voya Financial (VOYA - Free Report) reported revenue of $261 million, down 1.9% over the same period last year. EPS came in at $1.69, compared to $1.47 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $288.1 million, representing a surprise of -9.41%. The company delivered an EPS surprise of -1.74%, with the consensus EPS estimate being $1.72.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Voya performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Fee income: $464 million compared to the $466.22 million average estimate based on five analysts. The reported number represents a change of +7.2% year over year.
Revenues- Net investment income: $545 million versus $440.85 million estimated by four analysts on average.
Revenues- Premiums: $685 million versus $692.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.8% change.
Adjusted operating earnings before income taxes- Corporate: -$68 million versus the six-analyst average estimate of -$58.35 million.
Adjusted operating earnings before income taxes- Investment Management: $33 million compared to the $51.24 million average estimate based on five analysts.
Adjusted operating earnings before income taxes- Wealth Solutions: $132 million versus the five-analyst average estimate of $172.11 million.
Adjusted operating earnings before income taxes- Health Solutions: $94 million compared to the $68.23 million average estimate based on five analysts.
Shares of Voya have returned +7.6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Voya (VOYA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended March 2023, Voya Financial (VOYA - Free Report) reported revenue of $261 million, down 1.9% over the same period last year. EPS came in at $1.69, compared to $1.47 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $288.1 million, representing a surprise of -9.41%. The company delivered an EPS surprise of -1.74%, with the consensus EPS estimate being $1.72.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Voya performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Fee income: $464 million compared to the $466.22 million average estimate based on five analysts. The reported number represents a change of +7.2% year over year.
- Revenues- Net investment income: $545 million versus $440.85 million estimated by four analysts on average.
- Revenues- Premiums: $685 million versus $692.39 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +11.8% change.
- Adjusted operating earnings before income taxes- Corporate: -$68 million versus the six-analyst average estimate of -$58.35 million.
- Adjusted operating earnings before income taxes- Investment Management: $33 million compared to the $51.24 million average estimate based on five analysts.
- Adjusted operating earnings before income taxes- Wealth Solutions: $132 million versus the five-analyst average estimate of $172.11 million.
- Adjusted operating earnings before income taxes- Health Solutions: $94 million compared to the $68.23 million average estimate based on five analysts.
View all Key Company Metrics for Voya here>>>Shares of Voya have returned +7.6% over the past month versus the Zacks S&P 500 composite's +1.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.