Financial services company Voya Financial (NYSE:VOYA) will be announcing earnings results this Tuesday after market hours. Here’s what investors should know.
Voya Financial beat analysts’ revenue expectations by 13% last quarter, reporting revenues of $1.94 billion, up 4% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ revenue estimates and a beat of analysts’ EPS estimates.
Is Voya Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Voya Financial’s revenue to grow 5.9% year on year to $2.01 billion, slowing from the 12.5% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.08 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Voya Financial has a history of exceeding Wall Street’s expectations, beating revenue estimates every single time over the past two years by 15.9% on average.
Looking at Voya Financial’s peers in the custody bank segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Franklin Resources delivered year-on-year revenue growth of 38.3%, beating analysts’ expectations by 11.5%, and WisdomTree reported revenues up 33.4%, topping estimates by 3%.
Read our full analysis of Franklin Resources’s results here and WisdomTree’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the custody bank stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 2.6% on average over the last month. Voya Financial is down 2.7% during the same time and is heading into earnings with an average analyst price target of $86.80 (compared to the current share price of $74.16).
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