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

James River group

09/05/2024 16:54

* James River Group Holdings Ltd  JRVR.OQ  reported
quarterly
adjusted earnings of 39 cents​​ per share for the quarter ended
in March, lower than the same quarter last year, when the
company reported EPS of 56 cents.  The mean expectation of
six analysts for the quarter was for earnings of 43 cents per
share. Wall Street expected results to range from 25 cents to 54
cents per share.
    * Revenue fell 14.6% to $201.13 million from a year ago;
analysts
expected $188.97 million. 
    * James River Group Holdings Ltd's reported EPS for the
quarter
was 35 cents​.
    * The company reported quarterly net income of $12.78
million.
    * James River Group Holdings Ltd shares had fallen by 8.4%
this
quarter and lost 7.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 3.4%
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 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 $12.00 
This summary was machine generated from LSEG data May 9 at 03:53
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
 Mar. 31 2024      0.43           0.39           Missed
 Dec. 31 2023      0.44           0.33           Missed
 Sep. 30 2023      0.47           0.48           Beat
 Jun. 30 2023      0.52           0.53           Beat