Mercury General Corp reports results for the quarter ended in December - Earnings Summary

Mercury General

13/02/2024 22:43

* Mercury General Corp  MCY.N  reported quarterly adjusted
earnings of $1.15​​ per share for the quarter ended in December,
higher than the same quarter last year, when the company
reported EPS of $-1.45.  The mean expectation of two analysts
for the quarter was for earnings of 20 cents per share. Wall
Street expected results to range from 5 cents to 34 cents per
share.
    * Revenue rose 19.4% to $1.37 billion from a year ago;
analysts
expected $1.16 billion. 
    * Mercury General Corp's reported EPS for the quarter was
$3.46​.
    * The company reported quarterly net income of $191.39
million.
    * Mercury General Corp shares had risen by 8.1% this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 490%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the property &
casualty
insurance peer group is  "hold."

Wall Street's median 12-month price target for Mercury General
Corp is $45.00 
This summary was machine generated from LSEG data February 13 at
10:43 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
 Dec. 31 2023      0.20           1.15           Beat
 Sep. 30 2023      0.15           1.14           Beat
 Jun. 30 2023      -0.44          -0.47          Missed
 Mar. 31 2023      -1.12          -1.52          Missed