Published on 16 Apr 2024 on Zacks via Yahoo Finance
Reasons Why Investors Should Retain Principal Financial (PFG)
Principal Financial Group, Inc. PFG has been favored by investors on the back of its strategic buyouts, strong retention, higher single premium annuity sales and effective capital deployment.
Optimistic Growth Projections
The Zacks Consensus Estimate for Principal Financial’s 2024 earnings per share indicates a year-over-year increase of 15% from the consensus estimate of 2023. The consensus estimate for revenues is pegged at $15.43 billion, implying a year-over-year improvement of 5.2% from the consensus mark of 2023.The consensus estimate for 2025 earnings per share indicates a year-over-year increase of 10.8% from the consensus estimate of 2024. The consensus estimate for 2025 revenues is pinned at $16.35 billion, implying a year-over-year improvement of 5.9% from the consensus mark of 2024.