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.
Will Athene (ATH) Retain its Surprise Streak in Q4 Earnings?
Read MoreHide Full Article
Athene Holding Ltd. delivered positive surprise in three of the reported quarters of 2018. The Zacks Consensus Estimate for the fourth quarter is pegged at $1.22 per share, indicating a decline of 27.8% year over year.
Let’s see what’s in store for the company in the yet-to-be reported quarter.
The company continues to benefit from its multi-channel distribution platform. Better pricing is likely to add to the upside.
Retail sales likely have improved banking on introduction of new products and expansion in the Financial Institutions channel. Retail annuity business sales are expected to be solid across all the leading carriers.
The addition of new counterparties will continue to support Flow Reinsurance results.
Thus, organic deposits are likely to aid banking, given better performances at Retail and flow in pension risk transfer businesses.
Investment income is likely to benefit from accelerated pace in rate hikes. The company estimates average invested assets between $101 billion and $102 billion.
What Our Quantitative Model Predicts
Our proven model shows that Athene Holding is likely to beat on earnings this reporting season. This is because the stock has the right combination of positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP: Athene Holding has an Earnings ESP of +2.29%. This is because the Most Accurate Estimate of $1.25 is pegged higher than the Zacks Consensus Estimate of $1.22. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Zacks Rank: Athene Holding carries a Zacks Rank #2, which when combined with a positive ESP makes us confident of a positive earnings surprise.
We caution against Zacks Rank #4 or 5 (Strong Sell) stocks going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Other Stocks to Consider
Some other stocks from the finance sector with the right combination of elements to surpass estimates this time around are as follows:
Agree Realty Corporation (ADC - Free Report) has an Earnings ESP of +0.20% and a Zacks Rank of 3. The company is slated to announce fourth-quarter earnings on Feb 21.
Bank Of Montreal (BMO - Free Report) has an Earnings ESP of +0.29% and a Zacks Rank of 3. The company is scheduled to release fourth-quarter earnings on Feb 26.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Image: Bigstock
Will Athene (ATH) Retain its Surprise Streak in Q4 Earnings?
Athene Holding Ltd. delivered positive surprise in three of the reported quarters of 2018. The Zacks Consensus Estimate for the fourth quarter is pegged at $1.22 per share, indicating a decline of 27.8% year over year.
Let’s see what’s in store for the company in the yet-to-be reported quarter.
The company continues to benefit from its multi-channel distribution platform. Better pricing is likely to add to the upside.
Retail sales likely have improved banking on introduction of new products and expansion in the Financial Institutions channel. Retail annuity business sales are expected to be solid across all the leading carriers.
The addition of new counterparties will continue to support Flow Reinsurance results.
Thus, organic deposits are likely to aid banking, given better performances at Retail and flow in pension risk transfer businesses.
Investment income is likely to benefit from accelerated pace in rate hikes. The company estimates average invested assets between $101 billion and $102 billion.
What Our Quantitative Model Predicts
Our proven model shows that Athene Holding is likely to beat on earnings this reporting season. This is because the stock has the right combination of positive Earnings ESP and a favorable Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold).
Earnings ESP: Athene Holding has an Earnings ESP of +2.29%. This is because the Most Accurate Estimate of $1.25 is pegged higher than the Zacks Consensus Estimate of $1.22. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter.
Athene Holding Ltd. Price and EPS Surprise
Athene Holding Ltd. Price and EPS Surprise | Athene Holding Ltd. Quote
Zacks Rank: Athene Holding carries a Zacks Rank #2, which when combined with a positive ESP makes us confident of a positive earnings surprise.
We caution against Zacks Rank #4 or 5 (Strong Sell) stocks going into an earnings announcement, especially when the company is seeing negative estimate revisions.
Other Stocks to Consider
Some other stocks from the finance sector with the right combination of elements to surpass estimates this time around are as follows:
Americold Realty Trust (COLD - Free Report) is set to report fourth-quarter earnings on Feb 21. The company has an Earnings ESP of +12.94% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Agree Realty Corporation (ADC - Free Report) has an Earnings ESP of +0.20% and a Zacks Rank of 3. The company is slated to announce fourth-quarter earnings on Feb 21.
Bank Of Montreal (BMO - Free Report) has an Earnings ESP of +0.29% and a Zacks Rank of 3. The company is scheduled to release fourth-quarter earnings on Feb 26.
The Hottest Tech Mega-Trend of All
Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>