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

American Financial

02/11/2023 05:01

* American Financial Group Inc  AFG.N  reported quarterly
adjusted
earnings of $2.45​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $2.24.  The mean expectation of
six analysts for the quarter was for earnings of $2.47 per
share. Wall Street expected results to range from $2.26 
to $2.65 per share.
    * Revenue rose 5% to $1.86 billion from a year ago; analysts
expected $1.65 billion. 
    * American Financial Group Inc's reported EPS for the
quarter was
$2.09​.
    * The company reported quarterly net income of $177 million.
    * American Financial Group Inc shares had fallen by 0.5%
this
quarter and lost 16.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 7.4%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "hold"

Wall Street's median 12-month price target for American
Financial Group Inc is $130.50 
This summary was machine generated from LSEG data November 2 at
05:01 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      2.47           2.45           Missed
 Jun. 30 2023      2.78           2.38           Missed
 Mar. 31 2023      2.94           2.89           Missed
 Dec. 31 2022      2.85           2.99           Beat