American Coastal Insurance Corp reports results for the quarter ended in January 1 - Earnings Summary

American Coastal Insurance

07/11/2024 05:12

* American Coastal Insurance Corp  ACIC.OQ  reported
quarterly
adjusted earnings of 54 cents​​ per share for the quarter ended
January 1.  The lone analyst forecast for the quarter was
for earnings of 35 cents per share. 
    * Revenue was $74.49 million​; analysts expected $84.51
million. 
    * American Coastal Insurance Corp's reported EPS for the
quarter
was 57 cents​.
    * The company reported quarterly net income of $28.11
million.
    * American Coastal Insurance Corp shares had risen by 18.0%
this
quarter and gained 40.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 40% in
the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 
    * 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 
This summary was machine generated from LSEG data November 7 at
05:12 a.m. UTC. ​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) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.35           0.54           Beat
 Jun. 30 2024      0.30           0.40           Beat
 Mar. 31 2024                     0.50           
 Dec. 31 2023      0.21           0.39           Beat