What to expect from Voya Financial’s (VOYA) Q3 earnings

Financial services company Voya Financial (NYSE:VOYA) will be reporting results this Monday after the bell. Here’s what to expect.

Voya Financial met analysts’ revenue expectations last quarter, reporting revenues of $1.88 billion, flat year on year. It was a softer quarter for the company, with a significant miss 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, the market is expecting Voya Financial’s revenue to grow 1.2% year on year, slowing from the 4% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Voya Financial has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Voya Financial’s peers in the asset management segment, some have already reported their Q3 results, giving us a hint as to what we can expect. T. Rowe Price delivered year-on-year revenue growth of 5.3%, beating analysts’ expectations by 1.5%, and Artisan Partners reported revenues up 3.7%, topping estimates by 1.4%. T. Rowe Price’s stock price was unchanged after the resultswhile Artisan Partners was up 4.6%.

Read our full analysis of T. Rowe Price’s results here and Artisan Partners’s results here.

There has been positive sentiment among investors in the asset management segment, with share prices up 4.1% on average over the last month. Voya Financial is up 1.5% during the same time and is heading into earnings with an average analyst price target of $107.83 (compared to the current share price of $98.09).

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