James River Group Holdings Ltd reports results for the quarter ended in June - Earnings Summary

James River group

05/08/2024 22:02

* James River Group Holdings Ltd  JRVR.OQ  reported
quarterly
adjusted earnings of 33 cents​​ per share for the quarter ended
in June, lower than the same quarter last year, when the company
reported EPS of 53 cents.  The mean expectation of six analysts
for the quarter was for earnings of 42 cents per share. Wall
Street expected results to range from 35 cents to 47 cents per
share.
    * Revenue fell 21% to $188.29 million from a year ago;
analysts
expected $189.20 million. 
    * James River Group Holdings Ltd's reported EPS for the
quarter
was 13 cents​.
    * The company reported quarterly net income of $5 million.
    * James River Group Holdings Ltd shares had risen by 0.8%
this
quarter and lost 15.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "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 "buy"

Wall Street's median 12-month price target for James River Group
Holdings Ltd is $12.50 
This summary was machine generated from LSEG data August 5 at
09:01 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      0.42           0.33           Missed
 Mar. 31 2024      0.43           0.39           Missed
 Dec. 31 2023      0.44           0.33           Missed
 Sep. 30 2023      0.47           0.48           Beat