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

Markel

01/08/2024 04:10

* Markel Group Inc  MKL.N  reported quarterly adjusted
earnings of
$26.96​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$21.19.  The mean expectation of nine analysts for the quarter
was for earnings of $21.30 per share. Wall Street expected
results to range from $18.00  to $24.11 per share.
    * Revenue fell 10.6% to $3.70 billion from a year ago;
analysts
expected $3.92 billion. 
    * Markel Group Inc's reported EPS for the quarter was
$18.62​.
    * The company reported quarterly net income of $249.7
million.
    * Markel Group Inc shares had risen by 4.4% this quarter and
gained 15.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6% in
the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "hold"

Wall Street's median 12-month price target for Markel Group Inc
is $1,625.00 
This summary was machine generated from LSEG data August 1 at
03:10 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
 Jun. 30 2024      21.30          26.96          Beat
 Mar. 31 2024      17.93          20.65          Beat
 Dec. 31 2023      21.55          -13.73         Missed
 Sep. 30 2023      19.61          23.11          Beat