International General Insurance Holdings Ltd IGIC.OQ reported quarterly adjusted earnings of 51 cents per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 74 cents. The mean expectation of two analysts for the quarter was for earnings of 53 cents per share. Wall Street expected results to range from 50 cents to 55 cents per share.
Revenue fell 8.7% to $187.80 million from a year ago; analysts expected $140.40 million.
International General Insurance Holdings Ltd's reported EPS for the quarter was 77 cents.
The company reported quarterly net income of $34.1 million.
International General Insurance Holdings Ltd shares had fallen by 2.3% this quarter and gained 2.1% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had fallen by about 20.5% 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 $32.00, about 26.7% above its last closing price of $23.47
This summary was machine generated from LSEG data August 5 at 10:42 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)