Donegal Group Inc reports results for the quarter ended in December - Earnings Summary

Donegal

23/02/2024 03:32

* Donegal Group Inc  DGICA.OQ  reported a quarterly adjusted
loss
of 11 cents​​ per share for the quarter ended in December, lower
than the same quarter last year, when the company reported EPS
of 9 cents.  The mean expectation of three analysts for the
quarter was for earnings of 19 cents per share. Wall Street
expected results to range from 15 cents to 26 cents per share.
    * Revenue rose 7.2% to $239.47 million from a year ago;
analysts
expected $234.02 million. 
    * Donegal Group Inc's reported EPS for the quarter was a
loss of 6
cents​.
    * The company reported a quarterly loss of $1.97 million.
    * Donegal Group Inc shares had risen by 3.4% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 20.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 3
"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 Donegal Group Inc
is $14.50 
This summary was machine generated from LSEG data February 23 at
03:30 a.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
 Dec. 31 2023      0.19           -0.11          Missed
 Sep. 30 2023      0.08           0.01           Missed
 Jun. 30 2023      0.20           0.00           Missed
 Mar. 31 2023      0.35           0.17           Missed