JXN Stock Recent News

Jackson Financial Inc. (JXN) Q4 2023 Earnings Call Transcript

While the top- and bottom-line numbers for Jackson Financial (JXN) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.

Jackson Financial (JXN) came out with quarterly earnings of $2.53 per share, missing the Zacks Consensus Estimate of $3.53 per share. This compares to earnings of $5.66 per share a year ago.

Jackson Financial (JXN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Financial services stocks are a solid addition to any investor's portfolio. This is because they offer reliable growth throughout the industry and substantial dividend payouts to investors.

LANSING, Mich.--(BUSINESS WIRE)--Jackson Financial Inc.1 (NYSE: JXN) (Jackson®) will announce financial results for the fourth quarter and full year ended December 31, 2023, after market close Wednesday, February 21, 2024. Jackson's press release and supplemental financial materials will be available at investors.jackson.com. Jackson will host a conference call and webcast Thursday, February 22, 2024, at 10 a.m. ET to review the results and discuss the company's 2024 outlook. The live webcast i.

Jackson Financial's stock has risen 25% since being recommended as a "strong buy" three months ago. The company's strong financial performance, including beating earnings expectations, is driving the stock's rally, alongside less concern about its hedges given the strong market conditions. Jackson's transition away from riskier legacy variable annuities and its strong balance sheet support future growth and capital returns. Explore more here.

Jackson Financial Inc. stock has continued outperforming its financial sector peers since May 2023, corroborating my previous thesis that it has bottomed out decisively. The company's operating performance is expected to improve through 2024, supporting its "A+" valuation grade. However, it's time to reassess whether the recent surge could have priced in the optimism. Jackson Financial's Q3 results demonstrated improved earnings and strong sales momentum. Its solid capital position has strengthened investors' confidence in its capital return framework.

Although the revenue and EPS for Jackson Financial (JXN) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Variable annuities, which offer stock market participation, may become more favorable in an environment of loose money and higher inflation. Jackson Financial has generally been #1 or #2 in overall U.S. annuity sales over the last 10 years. It stands to benefit from a secular tailwind of retiring Baby Boomers. I explain why Jackson is not really trading for an extremely low valuation multiple and how investors can derive a realistic multiple.