Prudential Historical Income Statement
| PRU Stock | USD 119.49 1.65 1.40% |
Historical analysis of Prudential Financial income statement accounts such as Income Before Tax of 3.2 B, Extraordinary Items of 255.6 M, Net Income of 2.8 B or Income Tax Expense of 580.3 M can show how well Prudential Financial performed in making a profits. Evaluating Prudential Financial income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Prudential Financial's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Prudential Financial latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Prudential Financial is a good buy for the upcoming year.
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About Prudential Income Statement Analysis
Prudential Financial Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Prudential Financial shareholders. The income statement also shows Prudential investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Prudential Financial Income Statement Chart
Prudential Financial Income Statement is one of the three primary financial statements used for reporting Prudential's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Prudential Financial revenue and expense. Prudential Financial Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Prudential Financial's Income Before Tax is comparatively stable compared to the past year. Extraordinary Items is likely to gain to about 255.6 M in 2024, whereas Gross Profit is likely to drop slightly above 48.6 B in 2024. Add Fundamental
Total Revenue
Total revenue comprises all receipts Prudential Financial generated from the sale of its products or services. The total amount of income generated by the sale of goods or services related to the company's primary operations.Gross Profit
Gross profit is a required income statement account that reflects total revenue of Prudential Financial minus its cost of goods sold. It is profit before Prudential Financial operating expenses, interest payments and taxes. Gross profit is also known as gross margin. The profit a company makes after deducting the costs associated with making and selling its products, or the costs associated with providing its services.Cost Of Revenue
Cost of Revenue is found on Prudential Financial income statement and represents the costs associated with goods and services Prudential Financial provides. Indirect cost, such as salaries, is not included. In other words, cost of revenue is the total cost incurred to obtain a sale. It is more than the traditional cost of goods sold, since it includes specific selling and marketing activities.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Prudential Financial income statement and is an important metric when analyzing Prudential Financial profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Prudential Financial. It is also known as Prudential Financial overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Most accounts from Prudential Financial's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Prudential Financial current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prudential Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Prudential Stock please use our How to Invest in Prudential Financial guide.At this time, Prudential Financial's Income Before Tax is comparatively stable compared to the past year. Extraordinary Items is likely to gain to about 255.6 M in 2024, whereas Gross Profit is likely to drop slightly above 48.6 B in 2024.
| 2021 | 2022 | 2023 | 2024 (projected) | Gross Profit | 61.4B | 60.1B | 54.3B | 48.6B | Total Revenue | 61.4B | 60.1B | 54.3B | 49.9B |
Prudential Financial income statement Correlations
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Prudential Financial Account Relationship Matchups
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High Negative Relationship
Prudential Financial income statement Accounts
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
| Interest Expense | 1.5B | 1.6B | 1.5B | 1.6B | 1.8B | 891M | |
| Total Revenue | 57.2B | 49.8B | 61.4B | 60.1B | 54.3B | 49.9B | |
| Gross Profit | 57.2B | 49.8B | 61.4B | 60.1B | 54.3B | 48.6B | |
| Operating Income | 1.9B | (2.4B) | 6.4B | (1.1B) | (116M) | (110.2M) | |
| Income Before Tax | 5.1B | (323M) | 9.4B | (1.8B) | 3.1B | 3.2B | |
| Net Income Applicable To Common Shares | 4.2B | (374M) | 7.7B | (1.4B) | (1.7B) | (1.6B) | |
| Net Income | 4.2B | (242M) | 8.9B | (1.4B) | 2.5B | 2.8B | |
| Income Tax Expense | 947M | (81M) | 1.7B | (370M) | 613M | 580.3M | |
| Depreciation And Amortization | 460M | 457M | 204M | 124M | (70M) | (66.5M) | |
| Other Operating Expenses | 52.2B | 50.2B | 52.0B | 60.9B | 51.2B | 47.3B | |
| Ebit | 1.9B | (2.4B) | 6.4B | (1.1B) | (46M) | (43.7M) | |
| Ebitda | 2.3B | (1.9B) | 6.7B | (944M) | (116M) | (110.2M) | |
| Total Operating Expenses | (55.4B) | (52.2B) | (55.0B) | 15.0B | 83M | 78.9M | |
| Total Other Income Expense Net | 3.2B | 2.1B | 2.9B | (708M) | 4.1B | 2.3B | |
| Selling General Administrative | 14.1B | 14.3B | 13.4B | 12.6B | 13.0B | 11.6B | |
| Net Income From Continuing Ops | 4.1B | (242M) | 7.8B | (1.4B) | 2.5B | 3.3B | |
| Minority Interest | 52M | 228M | (70M) | (24M) | (20M) | (19M) | |
| Tax Provision | 947M | (81M) | 1.7B | (370M) | 613M | 495.5M | |
| Net Interest Income | (1.5B) | (1.6B) | (1.5B) | (1.6B) | (1.4B) | (1.5B) | |
| Non Operating Income Net Other | 100M | 96M | 87M | (56M) | (50.4M) | (47.9M) | |
| Reconciled Depreciation | 460M | 457M | 204M | 124M | (70M) | (66.5M) |
Pair Trading with Prudential Financial
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Prudential Financial position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Prudential Financial will appreciate offsetting losses from the drop in the long position's value.Moving together with Prudential Stock
| 0.73 | MET-PA | MetLife Preferred Stock | PairCorr |
Moving against Prudential Stock
| 0.51 | GWLIF | Great West Lifeco | PairCorr |
| 0.49 | ABLLW | Abacus Life Symbol Change | PairCorr |
The ability to find closely correlated positions to Prudential Financial could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Prudential Financial when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Prudential Financial - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Prudential Financial to buy it.
The correlation of Prudential Financial is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Prudential Financial moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Prudential Financial moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Prudential Financial can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Check out Your Equity Center to better understand how to build diversified portfolios, which includes a position in Prudential Financial. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in metropolitan statistical area. For more information on how to buy Prudential Stock please use our How to Invest in Prudential Financial guide.You can also try the ETF Categories module to list of ETF categories grouped based on various criteria, such as the investment strategy or type of investments.
Complementary Tools for Prudential Stock analysis
When running Prudential Financial's price analysis, check to measure Prudential Financial's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Prudential Financial is operating at the current time. Most of Prudential Financial's value examination focuses on studying past and present price action to predict the probability of Prudential Financial's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Prudential Financial's price. Additionally, you may evaluate how the addition of Prudential Financial to your portfolios can decrease your overall portfolio volatility.
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Is Prudential Financial's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Prudential Financial. If investors know Prudential will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Prudential Financial listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth (0.21) | Dividend Share 5.05 | Earnings Share 5.93 | Revenue Per Share 167.143 | Quarterly Revenue Growth 0.379 |
The market value of Prudential Financial is measured differently than its book value, which is the value of Prudential that is recorded on the company's balance sheet. Investors also form their own opinion of Prudential Financial's value that differs from its market value or its book value, called intrinsic value, which is Prudential Financial's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Prudential Financial's market value can be influenced by many factors that don't directly affect Prudential Financial's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Prudential Financial's value and its price as these two are different measures arrived at by different means. Investors typically determine if Prudential Financial is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Prudential Financial's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.