Prudential Financial (PRU) NewsBite - PRU Earnings Preview

Posted: Thursday, October 29, 2009 11:33 AM EDT

Prudential Financial (NYSE: PRU) opened at $46.28. So far today, the stock has hit a low of $46.05 and a high of $46.98. PRU is now trading at $46.62, up $1.93 (4.32%). Over the last 52 weeks the stock has ranged from a low of $10.63 to a high of $55.99. PRU is scheduled to report third-quarter earnings on Wednesday. Analysts are looking for the company to post a profit of $1.33 per share on revenue of $6.65 billion. Technical indicators for the stock are bullish and S&P gives PRU a positive 4 STARS (out of 5) buy ranking. If you are looking for a hedged play on PRU the stock seems like it could be a candidate for a December out-of-the-money bull-put credit spread below the 40 range. [ABR-Seven Summits Strategic Investments NewsBite]

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