American Coastal Insurance Corp expected to post earnings of 21 cents a share - Earnings Preview

American Coastal Insurance

27/02/2024 22:17

* American Coastal Insurance Corp  ACIC.OQ   ACIC.O  is
expected
to show a fall in quarterly revenue when it reports  results on
February 29 for the period ending December 31 2023
    * The Saint Petersburg Florida-based  company is expected to
report a 55.9% decrease in revenue to $59.229 million from
$134.18 million a year ago, according to the estimate from one
analyst, based on LSEG data. (Sales/Revenue Majority Basis is on
Net Premiums Earned)
    * ​LSEG's mean analyst estimate for American Coastal
Insurance
Corp is for earnings of 21 cents per share. 
    * The one available analyst rating on the shares is "buy".  
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "Buy".​
    * Wall Street's median 12-month price target for American
Coastal
Insurance Corp is $15.00​, above​ its last closing price
of $13.69. ​​​

This summary was machine generated February 27 at 22:17 GMT. 
All figures in US dollars unless otherwise stated. (For
questions concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)