Definity Financial Corp reports results for the quarter ended in December - Earnings Summary

Definity Financial

16/02/2024 02:16

* Definity Financial Corp  DFY.TO  reported quarterly
adjusted
earnings of 86 cents​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 67 cents.  The mean expectation of
eleven analysts for the quarter was for earnings of 72 cents per
share. Wall Street expected results to range from 65 cents to 77
cents per share.
    * Revenue rose 18% to C$1.00 billion from a year ago;
analysts
expected C$963.93 million. 
    * Definity Financial Corp's reported EPS for the quarter was
C$1.94​.
    * The company reported quarterly net income of C$225.9
million.
    * Definity Financial Corp shares had risen by 4.6% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 4.6%
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 7 "strong buy" or "buy," 4
"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 Definity
Financial Corp is C$42.75 
This summary was machine generated from LSEG data February 16 at
02:16 a.m. UTC. ​All figures in Canadian 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
 Dec. 31 2023      0.72           0.86           Beat
 Sep. 30 2023      0.02           0.15           Beat
 Jun. 30 2023      0.45           0.56           Beat
 Mar. 31 2023      0.57           0.54           Missed