International General Insurance Holdings Ltd reports results for the quarter ended in June - Earnings Summary

International General Insurance Holdings

06/08/2024 23:38

* International General Insurance Holdings Ltd  IGIC.OQ 
reported
quarterly adjusted earnings of 74 cents​​ per share for the
quarter ended in June, lower than the same quarter last year,
when the company reported EPS of 83 cents.  The mean expectation
of two analysts for the quarter was for earnings of 62 cents per
share. Wall Street expected results to range from 60 cents to 64
cents per share.
    * Revenue rose 3% to $205.60 million from a year ago;
analysts
expected $218.20 million. 
    * International General Insurance Holdings Ltd's reported
EPS for
the quarter was 73 cents​.
    * The company reported quarterly net income of $32.2
million.
    * International General Insurance Holdings Ltd shares
had risen
by 12.7% this quarter and gained 27.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.1%
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
"strong buy"
and the breakdown of recommendations is 2 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is  "buy."

Wall Street's median 12-month price target for International
General Insurance Holdings Ltd is $17.00 
This summary was machine generated from LSEG data August 6 at
10:38 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
 Jun. 30 2024      0.62           0.74           Beat
 Mar. 31 2024      0.67           0.89           Beat
 Dec. 31 2023      0.62           0.65           Beat
 Sep. 30 2023      0.50           0.79           Beat