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

Definity Financial

02/08/2024 01:34

* Definity Financial Corp  DFY.TO  reported quarterly
adjusted
earnings of 94 cents​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of 56 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 63 cents per
share. Wall Street expected results to range from 56 cents to 70
cents per share.
    * Revenue rose 9.6% to C$1.05 billion from a year ago;
analysts
expected C$993.92 million. 
    * Definity Financial Corp's reported EPS for the quarter was
89
cents​.
    * The company reported quarterly net income of C$103.8
million.
    * Definity Financial Corp shares had risen by 6.8% this
quarter and gained 27.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 6 "strong buy" or "buy," 6
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is  "hold."

Wall Street's median 12-month price target for Definity
Financial Corp is C$49.00 
This summary was machine generated from LSEG data August 2 at
12:34 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
 Jun. 30 2024      0.63           0.94           Beat
 Mar. 31 2024      0.72           0.65           Missed
 Dec. 31 2023      0.72           0.86           Beat
 Sep. 30 2023      0.02           0.15           Beat