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

International General Insurance Holdings

17/05/2023 04:05

* International General Insurance Holdings Ltd  IGIC.OQ 
reported
quarterly adjusted earnings of 62 cents​​ per share for the
quarter ended in March. The lone analyst forecast for the
quarter was for earnings of 30 cents per share.
    * Revenue rose 93% to $173.90 million from a year ago;
analysts
expected $134.50 million. 
    * The mean earnings estimate of analysts had fallen by
about 11.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * International General Insurance Holdings Ltd shares
had fallen
by 1.8% this quarter and gained 1.8% so far this year.
    * The company reported quarterly net income of $33.9
million.
    * Wall Street's median 12-month price target for
International
General Insurance Holdings Ltd is $11.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
17 at 03:05 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.30           0.62           Beat
 Dec. 31 2022      0.28           0.28           Met
 Sep. 30 2022      0.26           0.56           Beat
 Jun. 30 2022      0.33           0.60           Beat