Employers Holdings Inc reports results for the quarter ended in June - Earnings Summary

Employers Holdings

01/08/2024 05:55

* Employers Holdings Inc  EIG.N  reported quarterly adjusted
earnings of $1.10​​ per share for the quarter ended in June,
lower than the same quarter last year, when the company reported
EPS of $1.17.  The mean expectation of four analysts for the
quarter was for earnings of $1.08 per share. Wall Street
expected results to range from $1.00  to $1.15 per share.
    * Revenue fell 99% to $2.20 million from a year ago;
analysts
expected $223.82 million. 
    * Employers Holdings Inc's reported EPS for the quarter was
$1.25​.
    * The company reported quarterly net income of $31.7
million.
    * Employers Holdings Inc shares had risen by 11.3% this
quarter and gained 20.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.1%
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 1 "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 Employers
Holdings Inc is $52.50 
This summary was machine generated from LSEG data August 1 at
04:54 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
 Mar. 31 2024      0.71           1.10           Beat
 Mar. 31 2024                     0.67           
 Dec. 31 2023      1.08           1.40           Beat
 Sep. 30 2023      0.69           0.68           Missed