Mercury General Corp expected to post earnings of 80 cents a share - Earnings Preview

Mercury General

26/07/2024 23:20

* Mercury General Corp  MCY.N   MCY  is expected to show a
rise in
quarterly revenue when it reports  results on July 30 for the
period ending June 30 2024
    * The Los Angeles California-based  company is expected to
report
a 22.5% increase in revenue to $1.327 billion from $1.08 billion
a year ago, according to the estimate from one analyst, based on
LSEG data. (Sales/Revenue Majority Basis is on Gross Written
Premiums)
    * ​LSEG's mean analyst estimate for Mercury General Corp is
for
earnings of 80 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Mercury
General
Corp is $65.00​, above​ its last closing price of $58.14. ​​​

This summary was machine generated July 26 at 22:20 GMT.  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)