PRU - Prudential Financial Up 25.9% in a Year: More Room to Run? | Benzinga
Prudential Financial, Inc.'s (NYSE: PRU) shares have rallied 25.9% in a year compared with the industry's growth of 14.7%. The Finance sector and the Zacks S&P 500 composite have risen 17.4% and 24.1%, respectively, in the same time frame.
With a market capitalization of $39.42 billion, the average volume of shares traded in the last three months was 1.56 million.
Image Source: Zacks Investment Research
The rally was largely driven by the growing pension risk transfer (PRT) market, higher emerging markets earnings, expanding distribution, product offerings, improved spread income, strategic acquisitions and a solid financial position.
The Zacks Consensus Estimate for 2024 and 2025 earnings has moved 0.07% and 0.2% north, respectively, in the past seven days, reflecting analysts' optimism on the stock.
Will the Bull Run Continue?
The Zacks Consensus Estimate for PRU's 2024 earnings per share indicates a year-over-year increase of 15.3% from the consensus estimate of 2023. The consensus estimate for revenues is pegged at $55.57 billion, implying a year-over-year improvement of 9.1% from the consensus mark of 2023.
The consensus estimate for 2025 earnings per share indicates a year-over-year increase of 8.3% from the consensus estimate of 2024. The consensus estimate for 2025 revenues is pinned at $57.19 billion, implying a year-over-year improvement of 2.9% from the consensus mark of 2024.
In 2023, Prudential Financial's return on equity of 16% expanded 120 ...