American Financial Group Inc reports results for the quarter ended in March - Earnings Summary

American Financial

02/05/2024 24:18

* American Financial Group Inc  AFG.N  reported quarterly
adjusted
earnings of $2.76​​ per share for the quarter ended in March,
lower than the same quarter last year, when the company reported
EPS of $2.89.  The mean expectation of eight analysts for the
quarter was for earnings of $2.70 per share. Wall Street
expected results to range from $2.50  to $2.90 per share.
    * Revenue rose 7.6% to $1.55 billion from a year ago;
analysts
expected $1.72 billion. 
    * American Financial Group Inc's reported EPS for the
quarter was
$2.89​.
    * The company reported quarterly net income of $242 million.
    * American Financial Group Inc shares had fallen by 6.4%
this
quarter and gained 9.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 6
"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
Financial Group Inc is $140.50 
This summary was machine generated from LSEG data May 1 at 11:18
p.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
 Mar. 31 2024      2.70           2.76           Beat
 Dec. 31 2023      2.90           2.84           Missed
 Sep. 30 2023      2.47           2.45           Missed
 Jun. 30 2023      2.78           2.38           Missed