NYSE$EQH

Equitable Holdings Inc. · Q3 2021 earnings

Q3 2021 earnings · · Investor relations

Briefing

Equitable Holdings reported strong Q3 2021 results driven by solid performance in retirement and asset management, with AUM up 17% and announcement of XXX financing transaction unlocking $1bn in value.

Equitable Holdings reported strong third-quarter results, driven by solid performance in its retirement and asset management businesses. Non-GAAP operating earnings were $1.94 per share, a 56% year-over-year increase. AUM increased by 17% to reach $871 billion. The company also announced a XXX financing transaction, unlocking $1 billion of capital.

  • Non-GAAP operating earnings of $1.94 per share, a 56% year-over-year increase.
  • AUM increased 17% year-over-year to $871 billion.
  • Individual Retirement reported a record quarter in sales of Structured Capital Strategies (SCS) buffered annuity product with $1.9 billion in first year premium.
  • Announced XXX financing transaction unlocking $1 billion in value.

Headline financials

Total Revenue

$3.62B

Previous: $1.84B+96.5%
EPS (adj)

$1.94

Previous: $1.24+56.5%
Total Assets Under Management/Administration

$871B

Previous: $746B+16.8%
Free Cash Flow

$672M

Previous: -$779M+186.3%
Net Income

$672M

Previous: -$779M+186.3%
Operating Income

$1.85B

Previous: -$224M+926.3%
Gross Profit

$2.56B

Previous: $500M+411.8%
Cash & Equivalents

$5.26B

Previous: $8.68B-39.5%
Total Assets

$285B

Previous: $262B+8.4%

Revenue & EPS history

Equitable Holdings · Revenue · Quarterly

$3.62B

Q3 2021+96.5%vs Q3 2020
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Equitable Holdings · $150M total across 2 segments · Q3 2021

  • Asset Management Operating Earnings
    $134M+28.8%
  • Corporate and Other Operating Loss
    $16M

Forward guidance

Equitable Holdings completed its annual actuarial assumption review in the third quarter, resulting in a limited impact to net income of $(85) million and a $6 million impact to non-GAAP operating earnings.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2021

Historical avgQ3 2021

-0.2%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+0.7%

Avg return

30 days after

57%

21 / 37 earnings

Positive

+8.8%

Q1 2020

Best reaction

-10.7%

Q4 2019

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-1.0%+2.7%-3.1%
Q4 2025-3.1%+1.9%-12.4%
Q3 2025-7.4%-8.7%-6.2%
Q1 2025-3.1%-1.4%+3.6%
Q4 2024-2.3%+0.4%-5.9%
Q3 2024-1.4%+4.9%+5.7%
Q2 2024+1.7%-8.7%-2.0%
Q1 2024+3.0%+2.9%+10.8%
Q4 2023+3.2%+3.3%+2.8%
Q3 2023-4.1%+5.2%+16.8%
Q2 2023-1.3%+0.4%+0.8%
Q1 2023-8.0%-5.7%+3.0%
Q4 2022-2.0%-0.2%-16.0%
Q3 2022-8.2%-1.7%+3.4%
Q2 2022+3.6%+3.5%+6.7%
Q1 2022-5.7%-5.2%+0.1%
Q4 2021-4.5%-4.5%-17.4%
Q3 2021+3.8%+2.3%-7.9%
Q2 2021+1.5%+2.1%-0.1%
Q1 2021+1.5%-0.6%-9.2%
Q4 2020+4.7%+0.7%+7.5%
Q3 2020+2.5%+7.9%+21.0%
Q2 2020+1.1%+3.0%+1.4%
Q1 2020+8.8%+0.1%+35.3%
Q4 2019-10.7%-9.0%-38.1%
Q3 2019-0.8%+4.7%+10.0%
Q2 2019+4.1%+2.8%+3.9%
Q1 2019+0.9%-3.3%-5.2%
Q4 2016+2.6%+2.8%+11.0%
Q4 2018+5.0%+4.4%+4.7%
Q3 2018-2.6%-5.5%-18.2%
Q2 2018+2.7%+4.4%+5.4%
Q2 2017+2.7%+4.4%+5.4%
Q3 2017+2.7%+4.4%+5.4%
Q4 2017+1.5%-1.5%+0.1%
Q1 2017+1.5%+1.0%+1.2%
Q1 2018+1.0%+3.6%+0.2%
Q3 2016
Q2 2016
Q1 2016

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro