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

Markel

02/05/2024 19:27

* Markel Group Inc  MKL.N  reported quarterly adjusted
earnings of
$21.95​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$14.52.  The mean expectation of seven analysts for the quarter
was for earnings of $17.93 per share. Wall Street expected
results to range from $15.73  to $20.56 per share.
    * Revenue rose 22.6% to $4.47 billion from a year ago;
analysts
expected $3.57 billion. 
    * Markel Group Inc's reported EPS for the quarter was
$75.43​.
    * The company reported quarterly net income of $992.58
million.
    * Markel Group Inc shares had fallen by 3.0% this
quarter and
gained 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 11.5%
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 "hold"
and
the breakdown of recommendations is 3 "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 $1,575.00 
This summary was machine generated from LSEG data May 2 at 06:26
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      17.93          21.95          Beat
 Dec. 31 2023      21.55          -13.73         Missed
 Sep. 30 2023      19.61          23.11          Beat
 Jun. 30 2023      17.58          21.19          Beat