Equitable Holdings Intrinsic Value – Equitable Holdings, to Announce Q2 2023 Results on July 19th
July 21, 2023
🌥️Trending News
Equitable Holdings ($NYSE:EQH), Inc. is a leading publicly-traded financial services provider that specializes in providing services such as asset management, banking, insurance, and more. Today, the company announced that it will be releasing its financial results for the second quarter of 2023 on Thursday, August 5th. The second quarter of 2023 will be a key time period for Equitable Holdings, Inc. as the company looks to build on its impressive track record of success. Investors are likely to pay close attention to this upcoming earnings announcement as they look to better understand how the company is performing and whether or not it is a good investment opportunity.
This announcement comes at an important time in the market as investors are constantly looking for opportunities in which to invest. Equitable Holdings, Inc. offers a wide range of services that make it an attractive option for those looking to diversify their portfolios. Therefore, investors should be sure to pay close attention to the upcoming financial results and see if the company is meeting their expectations.
Market Price
On the same day, EQUITABLE’s stock opened at $28.2 and closed at $28.5, giving it an increase of 1.0% from the previous day’s closing price of $28.2. This is an encouraging sign for EQUITABLE’s investors and shareholders as they anticipate the company’s performance for the quarter. Analysts are optimistic that EQUITABLE might deliver positive results as the company has been showing promising growth in its operations. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Equitable Holdings. More…
| Total Revenues | Net Income | Net Margin |
| 12.43k | 1.31k | 11.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Equitable Holdings. More…
| Operations | Investing | Financing |
| -851 | -7.49k | 7.65k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Equitable Holdings. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 261.5k | 255.42k | 10.46 |
Key Ratios Snapshot
Some of the financial key ratios for Equitable Holdings are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -15.3% | – | 12.0% |
| FCF Margin | ROE | ROA |
| -8.2% | 34.5% | 0.4% |
Analysis – Equitable Holdings Intrinsic Value
At GoodWhale, we have conducted an analysis of EQUITABLE HOLDINGS‘ fundamentals. After careful consideration of their financials, we have determined the fair value of EQUITABLE HOLDINGS share to be around $31.8 using our proprietary Valuation Line. At the current market price of $28.5, the stock appears to be fairly priced but undervalued by 10.4%. More…
Peers
Competition between Equitable Holdings Inc and its competitors, Momentum Metropolitan Holdings Ltd, KWI PCL, and iA Financial Corp Inc, is intense. All of these companies strive to offer the best services to their customers in order to remain competitive in the market. Each company has its own unique set of strengths and weaknesses, and they are constantly working to improve their offerings and stay ahead of the competition.
– Momentum Metropolitan Holdings Ltd ($BER:M1A)
Momentum Metropolitan Holdings Ltd is an insurance and financial services company based in South Africa. The company operates in two main segments: Life Insurance and Short-term Insurance. As of 2022, the company has a market cap of 1.41 billion dollars and a Return on Equity of 26.28%. This indicates that the company is doing well financially and has strong financial performance relative to its peers. The company’s strong financial performance is likely due to its focus on providing quality services to its customers and its ability to control costs. Momentum Metropolitan Holdings Ltd is well-positioned to continue its growth in the future.
– KWI PCL ($SET:KWI)
KWI PCL is a Thailand-based company that specializes in the production and sale of energy, petrochemical, and other industrial products. The company has a market capitalization of 5.52 billion USD as of 2022, which is an indication of the size and value of the company. KWI PCL also has a Return on Equity (ROE) of -1.33%, which suggests that the company is not generating a return on the equity that has been invested into it. This could be due to a variety of factors such as poor management decisions or an excessively competitive industry. Despite this, KWI PCL continues to remain a prominent player in the industry and is dedicated to providing its customers with quality products and services.
– iA Financial Corp Inc ($TSX:IAG)
Merrill Lynch & Co. Inc., commonly referred to as Merrill Lynch, is a leading global financial services firm with a market cap of 8.08B as of 2022. The company provides a range of products and services to corporate, institutional, government and individual clients, including investments, wealth management, capital markets, and advisory solutions. Merrill Lynch is renowned for its strong Return on Equity of 9.41%, reflecting the company’s proficient capital deployment and management. The company is well-positioned to capitalize on the growth opportunities in the financial services industry.
Summary
Equitable Holdings, Inc. has announced their second quarter 2023 results, scheduled to be revealed in the near future. Analysts are expecting the company to report significant gains due to the rising demand for their products and services. Investors are hopeful that the company will continue its strong performance, given its solid financial position and experienced management team. It is recommended that investors continue to monitor Equitable Holdings, Inc. for updates on their future performance and any changes in the sector they operate in.
