Markel Group Inc reports results for the quarter ended in December - Earnings Summary

Markel

01/02/2024 04:33

* Markel Group Inc  MKL.N  reported quarterly adjusted
earnings of
$13.66​​ per share for the quarter ended in December, lower than
the same quarter last year, when the company reported EPS of
$18.89.  The mean expectation of eight analysts for the quarter
was for earnings of $21.55 per share. Wall Street expected
results to range from $14.62  to $28.06 per share.
    * Revenue rose 10.3% to $4.64 billion from a year ago;
analysts
expected $3.76 billion. 
    * Markel Group Inc's reported EPS for the quarter was
$56.48​.
    * The company reported quarterly net income of $750.43
million.
    * Markel Group Inc shares had risen by 5.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 5.9%
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 5 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Markel
Group Inc
is $1,512.50 

This summary was machine generated from LSEG data February 1 at
04:33 a.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
 Dec. 31 2023      21.55          13.66          Missed
 Sep. 30 2023      19.61          23.11          Beat
 Jun. 30 2023      17.58          21.19          Beat
 Mar. 31 2023      16.14          14.52          Missed