Principal Financial Group Inc.
) is set to report its second-quarter 2014 results on Jul 24. Last
quarter, the company posted a 15.5% positive earnings surprise.
Let's see how things are shaping up for this announcement.
Factors Influencing This Past Quarter
Increased focus on fee-based revenue sources will drive steady
earnings for Principal Financial.
Accretion from strategic acquisitions is expected to drive asset
under management growth, retaining its growth momentum. Lower share
count, via share buyback, will a further give a boost to the bottom
However, the low interest rate environment will likely weigh upon
investment results in the quarter to be reported.
Our proven model does not conclusively show that Principal
Financial is likely to beat earnings this quarter. That is because
a stock needs to have both a positive
and a Zacks Rank #1, 2 or 3 for this to happen. That is not the
case here as you will see below.
: Principal Financial has an Earnings ESP of 0.00%. That is
because both the Most Accurate estimate and the Zacks Consensus
Estimate stand at $1.01.
: Principal Financial's Zacks Rank #2 (Buy) increases the
predictive power of ESP. However, we also need to have a positive
ESP to be confident about an earnings surprise.
Other Stocks to Consider
Here are some companies you may want to consider as our model shows
these have the right combination of elements to post an earnings
beat this quarter:
Affiliated Managers Group Inc.
), Earnings ESP of +1.16% and a Zacks Rank #2.
Credit Acceptance Corp
), Earnings ESP of +2.39% and a Zacks Rank #2.
), Earnings ESP of +6.06% and a Zacks Rank #3 (Hold).
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PRINCIPAL FINL (PFG): Free Stock Analysis
MOODYS CORP (MCO): Free Stock Analysis Report
CREDIT ACCEPT (CACC): Free Stock Analysis
AFFIL MANAGERS (AMG): Free Stock Analysis
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