Analyst Consensus ?
ConsensusBuy21 ratings
Bullish2095.2%
Neutral14.8%
Bearish00.0%
Equitable Holdings, Inc. · EQH · FY2026 Q1 · Calendar Q2 2026
Equitable’s Q1 Growth Meets a Major Merger-Execution Test
Equitable’s earnings growth, improving mortality experience and stabilizing retirement spreads support the operating case, while the proposed CoreBridge merger adds potential scale and synergies. The next-year thesis depends on sustaining organic growth and converting merger targets into results without weakening capital or profitability.
Reported After market closeNYSEFinancial Services
$15.08B market cap
100quality score
Earnings scorecard
Reported versus consensus
Reported EPS
$1.62
Consensus $1.60
EPS surprise
+1.3%
Reported versus consensus
Reported revenue
$4.23B
Consensus $3.94B
Revenue surprise
+7.3%
Reported versus consensus
Market reaction
event-close to next-session close
Stock move
+6.1%
Event window
SPY move
+0.8%
Same window
Abnormal move
+5.3%
Stock minus SPY
Volume
3.1×
Versus trailing sessions
Subsequent drift
-9.5%
Up to 20 sessions
EQHSPY benchmark
Ask FN2 about EQH FY2026 Q1
Transcript, numbers and history already loaded
Why did EQH rise 6.1% after beating EPS estimates in FY2026 Q1?What changed in EQH's guidance and outlook in FY2026 Q1?Give me the bull and bear case for EQH after FY2026 Q1 earnings.
Free account. Your question opens in FN2 with this report's transcript and numbers attached.
Transcript intelligence
What changed
The quarter’s defining strategic development was the planned CoreBridge merger. Management described anticipated expense synergies, broader distribution and incremental assets for AllianceBernstein; these are prospective benefits, not completed outcomes. The transcript analysis also noted improved mortality experience and stabilizing retirement spreads.
Guidance delta
Management maintained its EPS-growth and cash-generation outlook, including a 2026 cash-generation target of $1.8 billion. The supplied analysis does not indicate a change to guidance.
Key takeaways
- Non-GAAP EPS increased year over year, while assets under management also grew.
- Management expects the CoreBridge transaction to expand scale and distribution and generate expense synergies; execution remains ahead.
- Management cited organic growth across retirement, wealth management and asset management, alongside improved mortality experience and stabilizing retirement spreads.
- Capital-return plans include resuming share repurchases after the merger proxy filing; management also cited a target payout ratio.
Management priorities
- Plan integration with leadership from both firms and pursue expected merger synergies.
- Expand distribution through third-party firms and seek revenue synergies.
- Sustain growth in retirement, wealth management and asset management.
- Deliver stated cash-generation goals and provide further capital-return detail at a future Investor Day.
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Try FN2 freeEarnings History
Estimate
Beat
Miss
Match
Analyst 52W Price Targets
$55.38Current
$36Low
$57.1Average
$68High
Latest persisted target per named analyst; persisted current price from FN2's market snapshot as of Nov 4, 2026. Not an FN2 forecast.
Firm-level rating actions
FMP grade actions identify the grading firm, not a named analyst.
| Firm | Rating | Prior rating | Action | Date |
|---|---|---|---|---|
| Wells Fargo | Overweight | Overweight | Maintain | Oct 12, 2026 |
| Mizuho | Outperform | Outperform | Maintain | Oct 7, 2026 |
| Barclays | Overweight | Overweight | Maintain | Oct 7, 2026 |
| Evercore ISI Group | Outperform | Outperform | Maintain | Aug 20, 2026 |
| Keefe, Bruyette & Woods | Outperform | Outperform | Maintain | Aug 11, 2026 |
| Jefferies | Buy | Buy | Maintain | Jul 10, 2026 |
| UBS | Buy | Buy | Maintain | Jul 8, 2026 |
| JP Morgan | Overweight | Overweight | Maintain | Apr 29, 2026 |
| Raymond James | Strong Buy | Market Perform | Upgrade | Apr 16, 2026 |
| Morgan Stanley | Overweight | Overweight | Maintain | Mar 3, 2026 |
| BMO Capital | Outperform | Outperform | Maintain | Feb 25, 2025 |
| Truist Securities | Buy | Buy | Maintain | Feb 10, 2025 |
| Deutsche Bank | Buy | Hold | Upgrade | Jan 10, 2025 |
| Citigroup | Buy | Buy | Maintain | Jul 23, 2024 |
| RBC Capital | Sector Perform | Sector Perform | Maintain | May 5, 2023 |
| Credit Suisse | Outperform | Outperform | Maintain | Jun 14, 2021 |
| SunTrust Robinson Humphrey | Buy | Buy | Maintain | Nov 25, 2020 |
| B of A Securities | Buy | Buy | Maintain | Nov 25, 2020 |
| Goldman Sachs | Buy | Buy | Maintain | Jan 8, 2020 |
| Bank of America | Buy | Buy | Maintain | Jun 5, 2018 |
| Keefe Bruyette & Woods | Outperform | Outperform | Maintain | Jun 4, 2018 |
Named analyst price targets
Upside is calculated against the persisted current price $55.38. FMP does not supply a rating on these named-analyst rows.
| Firm | Analyst | 52W target | Price when posted | Upside | Date |
|---|---|---|---|---|---|
| Raymond James | Wilma Burdis | $65 | $53.48 | +17.4% | Oct 9, 2026 |
| Barclays | Analyst unavailable | $61 | $54.5 | +10.2% | Oct 7, 2026 |
| Evercore ISI | Analyst unavailable | $66 | $49.96 | +19.2% | Aug 20, 2026 |
| Wells Fargo | Analyst unavailable | $64 | $50.84 | +15.6% | Aug 19, 2026 |
| Mizuho Securities | Yaron Kinar | $68 | $51.3 | +22.8% | Aug 6, 2026 |
| Barclays | Analyst unavailable | $52 | $48.25 | -6.1% | Aug 5, 2026 |
| Jefferies | Analyst unavailable | $66 | $46.69 | +19.2% | Jul 10, 2026 |
| Mizuho Securities | Analyst unavailable | $62 | $45.71 | +12.0% | Jul 9, 2026 |
| Barclays | Analyst unavailable | $50 | $47.48 | -9.7% | Jul 7, 2026 |
| UBS | Analyst unavailable | $63 | $41.91 | +13.8% | Jun 11, 2026 |
| Wells Fargo | Analyst unavailable | $57 | $40.99 | +2.9% | May 12, 2026 |
| Barclays | Alex Scott | $51 | $41.49 | -7.9% | May 5, 2026 |
| Raymond James | Strong Buy | $58 | $42 | +4.7% | Apr 16, 2026 |
| Mizuho Securities | Analyst unavailable | $58 | $37.74 | +4.7% | Apr 13, 2026 |
| Evercore ISI | Analyst unavailable | $63 | $38.48 | +13.8% | Apr 9, 2026 |
| UBS | Analyst unavailable | $58 | $38.48 | +4.7% | Apr 9, 2026 |
| UBS | Michael Ward | $66 | $44.8 | +19.2% | Feb 5, 2026 |
| Barclays | Analyst unavailable | $57 | $44.68 | +2.9% | Feb 4, 2026 |
| Mizuho Securities | Yaron Kinar | $65 | $46.82 | +17.4% | Jan 14, 2026 |
| Wells Fargo | Elyse Greenspan | $60 | $47.74 | +8.4% | Jan 13, 2026 |
| Barclays | Analyst unavailable | $58 | $47.74 | +4.7% | Jan 8, 2026 |
| Raymond James | Analyst unavailable | $60 | $47.97 | +8.4% | Jan 5, 2026 |
| Goldman Sachs | Analyst unavailable | $60 | $47.97 | +8.4% | Jan 5, 2026 |
| Mizuho Securities | Analyst unavailable | $66 | $48.3 | +19.2% | Dec 15, 2025 |
| Evercore ISI | Analyst unavailable | $64 | $50.29 | +15.6% | Oct 9, 2025 |
| Morgan Stanley | Analyst unavailable | $61 | $50.78 | +10.2% | Oct 7, 2025 |
| Wells Fargo | Elyse Greenspan | $63 | $50.33 | +13.8% | Aug 8, 2025 |
| UBS | Michael Ward | $77 | $54.93 | +39.1% | Apr 2, 2025 |
| Morgan Stanley | Analyst unavailable | $68 | $50.52 | +22.8% | Mar 11, 2025 |
| Barclays | Alex Scott | $60 | $42.75 | +8.4% | Oct 8, 2024 |
| Barclays | Alex Scott | $59 | $41.06 | +6.5% | Sep 4, 2024 |
| Wells Fargo | Elyse Greenspan | $43 | $38.55 | -22.3% | Aug 12, 2024 |
| Jefferies | Suneet Kamath | $51 | $40.51 | -7.9% | Jun 28, 2024 |
| UBS | Brian Meredith | $43 | $40.03 | -22.3% | Jun 17, 2024 |
| Jefferies | Suneet Kamath | $45 | $37.42 | -18.7% | Mar 25, 2024 |
| Jefferies | Suneet Kamath | $37 | $32.12 | -33.2% | Dec 10, 2023 |
| Truist Financial | Analyst unavailable | $38 | $25.57 | -31.4% | Jul 11, 2022 |
| Evercore ISI | Analyst unavailable | $41 | $25.27 | -26.0% | Jul 6, 2022 |
| RBC Capital | Analyst unavailable | $36 | $28.13 | -35.0% | May 11, 2022 |
| Truist Financial | Mark Hughes | $43 | $32.65 | -22.3% | May 11, 2021 |
Track every rating change on EQH the moment it posts. Free to start.
Start freeCompany context
Snapshot as of publicationEquitable Holdings, Inc. operates as a global, diversified financial services enterprise, delivering its offerings through four primary divisions. The Individual Retirement segment focuses on providing variable annuity products predominantly to high-net-worth individuals. Its Group Retirement segment supplies tax-advantaged investment and retirement plans to a variety of organizations, including educational institutions, municipalities, non-profit entities, and small to mid-sized businesses.…
Historical context
All EQH earningsFinancial Services peers this season
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| AIZ Assurant, Inc. | FY2026 Q3 · Calendar Q4 2026 | +29.5% | +4.2% | Assurant raises FY2026 outlook as Lifestyle and Housing earnings grow |
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| PS Pershing Square Inc. | FY2026 Q3 · Calendar Q4 2026 | -1.5% | +0.1% | Pershing Square emphasizes insurance buildout and new fund plans |
Latest beats and misses
Who reports nextBeat on EPS
- AIZFY2026 Q3 · November 3, 2026+29.5% EPS+4.2% move
- AIZNFY2026 Q3 · November 3, 2026+36.0% EPS+0.5% move
- SMCIFY2027 Q1 · November 3, 2026+47.2% EPS-4.2% move
- XYZFY2026 Q3 · November 3, 2026+9.7% EPS+14.9% move
- AMGNFY2026 Q3 · November 3, 2026+11.4% EPS+1.6% move
- SWKSFY2026 Q4 · November 3, 2026+0.8% EPS-6.9% move
Missed on EPS
- CHTFY2026 Q3 · November 4, 2026-55.7% EPS+0.9% move
- TOSTFY2026 Q3 · November 3, 2026-20.1% EPS+5.9% move
- CPNGFY2026 Q3 · November 3, 2026-90.3% EPS+13.3% move
- TLNFY2026 Q3 · November 3, 2026-65.4% EPS+7.3% move
- APOSFY2026 Q3 · November 3, 2026-5.5% EPS-0.5% move
- TRIFY2026 Q3 · November 3, 2026-9.0% EPS-9.9% move
Get the EQH recap when the next report posts
One email per quarter with the scorecard, the market reaction and what changed on the call. No account needed.
Sources
- Earnings call transcript and parsed analysis · 2026-05-11T10:29:34.698584+00:00
- FN2 earnings calendar · 2026-07-26T00:37:12.209961+00:00
- Polygon adjusted daily market bars · 2026-11-04T13:20:48.185297+00:00
- Financial Modeling Prep analyst price-target consensus and quote snapshot · 2026-11-04T13:20:48.182529+00:00
Methodology
Reported and consensus figures come from FN2's earnings event records. Market reaction and volume are calculated from daily adjusted bars around the event; abnormal move subtracts the SPY move over the same window.
Analyst target low, average, and high values are derived at request time from each named analyst's latest persisted FMP target. The current-price marker comes from FN2's persisted market snapshot. They are sell-side estimates, not an FN2 valuation or recommendation.
Transcript intelligence is a structured synthesis of the current and prior earnings-call analyses. Missing values stay missing and are never estimated.
By FN2 Research · Updated · As of 2026-11-04. For educational purposes only; not investment advice.