Everest Group Ltd reports results for the quarter ended in December - Earnings Summary

Everest

07/02/2024 22:36

* Everest Group Ltd  EG.N  reported quarterly adjusted
earnings of
$11.87​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$12.21.  The mean expectation of fourteen analysts for the
quarter was for earnings of $14.66 per share. Wall Street
expected results to range from $13.32  to $15.64 per share.
    * Revenue rose 18.8% to $3.58 billion from a year ago;
analysts
expected $3.68 billion. 
    * Everest Group Ltd's reported EPS for the quarter was
$18.53​.
    * The company reported quarterly net income of $804 million.
    * Everest Group Ltd shares had risen by 7.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 11 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the reinsurance
peer
group is also "buy"

Wall Street's median 12-month price target for Everest Group Ltd
is $452.00 
This summary was machine generated from LSEG data February 7 at
10:36 p.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      14.66          11.87          Missed
 Sep. 30 2023      10.60          14.14          Beat
 Jun. 30 2023      11.64          15.21          Beat
 Mar. 31 2023      12.51          11.31          Missed