PRU Gears Up to Report Q3 Earnings: Here's What to Expect

Prudential Financial Inc. PRU is expected to register a decline in both top and bottom lines when it reports third-quarter 2026 results on Nov. 3, after the closing bell.

The Zacks Consensus Estimate for PRU's third-quarter revenues is pegged at $13.96 billion, indicating a 14% decrease from the year-ago reported figure.

The consensus estimate for the bottom line is pegged at $3.32 per share. The estimate suggests a year-over-year decrease of 22.1%. The Zacks Consensus Estimate for PRU's third-quarter earnings has moved south by 2.9% in the past 30 days.

What the Zacks Model Unveils for PRU

Our proven model does not conclusively predict an earnings beat for Prudential Financial this time around. This is because a stock needs to have the right combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). This is not the case, as you can see below.
Earnings ESP: PRU has an Earnings ESP of 0.00%. This is because both the Most Accurate Estimate and the Zacks Consensus Estimate are pegged at $3.32. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.

Prudential Financial, Inc. Price and EPS Surprise

Prudential Financial, Inc. price-eps-surprise | Prudential Financial, Inc. Quote

Zacks Rank: PRU has a Zacks Rank #4 (Sell) at present.

Factors Likely to Shape PRU's Q3 Results

Group Insurance segment is likely to have benefited from higher net underwriting results and higher net investment spread results, partially offset by higher expenses.

U.S. Legacy Products segment is likely to be affected by lower underwriting results, lower fee income and lower net investment spread results.

The Retirement business is likely to have been affected by lower underwriting results and higher expenses, partially offset by higher net investment spread results.

Individual Life is likely to have benefited from higher underwriting results and net investment spread results.

PGIM is likely to have benefited from higher net asset management fees, higher net service, distribution and other revenues, and higher net other related revenues.

Assets under management are likely to have benefited from equity market appreciation and strong investment performance. The upside is likely to be partially offset by realizations and distributions, unfavorable foreign exchange rate impacts, and net outflows.

Net investment income is likely to have gained from higher fixed income reinvestment rates, growth in retail annuities and other products, higher prepayment fee income and higher income from non-coupon investments, as well as business growth.

Expenses are likely to have risen because of higher policyholders' benefits and amortization of deferred policy acquisition costs.
Continued share buybacks are likely to have added to the bottom line.