Corebridge Financial Revenue Seen Down 7.9% to $4.31B, EPS Forecast $1.11
Corebridge Financial's revenue is expected to fall 7.9% year over year to $4.31 billion, improving from a 21.1% decline in the same period last year. Analysts forecast adjusted EPS of $1.11, after the company missed EPS estimates despite last quarter's 34.2% revenue rise to $5.63 billion.
1. Last Quarter Performance
Last quarter, Corebridge Financial recorded $5.63 billion in revenue, a 34.2% increase year over year, beating analysts’ forecasts by 49.7%. However, the company significantly missed EPS estimates despite the top-line outperformance.
2. Q1 Forecast
Analysts anticipate revenue of $4.31 billion this quarter, down 7.9% year over year, compared with a 21.1% drop in the same period last year, and forecast adjusted EPS of $1.11. Estimates have remained stable over the past month, indicating confidence in the current outlook.
3. Peer Comparisons and Market Reaction
Comparisons with peers show CNO Financial Group delivered 2.4% revenue growth and Aflac reported flat revenue in Q4, with both stocks rising post-report. Corebridge’s share price has been unchanged over the past month, trading below the average analyst target of $37.69.