Definity Financial Corp reports results for the quarter ended September 30 - Earnings Summary

Definity Financial

09/11/2024 12:30

* Definity Financial Corp  DFY.TO  reported quarterly
adjusted
earnings of 13 cents​​ per share for the quarter ended September
30, lower than the same quarter last year, when the company
reported EPS of 15 cents.  The mean expectation of
eleven analysts for the quarter was for breakeven results per
share. Wall Street expected results to range from -19 cents
to 45 cents per share.
    * Revenue rose 12.5% to $1.10 billion from a year ago;
analysts
expected C$1.06 billion. 
    * Definity Financial Corp's reported EPS for the quarter was
90
cents​.
    * The company reported quarterly net income of $104.8
million.
    * Definity Financial Corp shares had risen by 1.8% this
quarter and gained 47.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 100.7% in the last three months.​ 
    * In the last 30 days, seven 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," 9
"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 Definity
Financial Corp is C$58.00 
This summary was machine generated from LSEG data November 9 at
12:29 p.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
 Sep. 30 2024      0.00           0.13           Beat
 Jun. 30 2024      0.63           0.94           Beat
 Mar. 31 2024      0.72           0.65           Missed
 Dec. 31 2023      0.72           0.86           Beat