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Aegon N.V. ADR Up 9.39% To $5.05 After Earnings

Thursday, August 11, 2022 11:56 AM | InvestorsObserver Analysts
Aegon N.V. ADR Up 9.39% To $5.05 After Earnings

Aegon N.V. ADR (AEG) said before open Thursday that it broke even in quarter two 2022.

In the same quarter a year ago, the company earned $0.48 per share on revenue of $7.5 billion.

The stock is up 9.39% to $5.05 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

The average recommendation from Wall Street analysts was a Sell which may get revised based on this new data.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 47. Meanwhile, the average Wall Street analyst rated the stock a Sell.

Aegon is a Netherlands-headquartered insurance company with core operations that stretch across the U.S., Netherlands, and United Kingdom. The business also holds peripheral ventures in Spain, Portugal, Brazil, and China.

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