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

Mercury General

02/05/2023 23:05

* Mercury General Corp  MCY.N  reported a quarterly adjusted
loss
of $1.52​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for a loss of
$1.12 per share.
    * Revenue rose 37.4% to $1.11 billion from a year ago;
analysts
expected $1.05 billion. 
    * Mercury General Corp's reported EPS for the quarter was a
loss
of 82 cents​.
    * The mean earnings estimate of analysts had fallen by
about 350%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Mercury General Corp shares had fallen by 4.3% this
quarter and
lost 11.2% so far this year.
    * The company reported a quarterly loss of $45.29 million.
    * Wall Street's median 12-month price target for Mercury
General
Corp is $45.00 
    * 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." 

This summary was machine generated from LSEG Refinitiv data May
2 at 10:05 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      -1.12          -1.52          Missed
 Dec. 31 2022      -0.36          -1.45          Missed
 Sep. 30 2022      -0.25          0.28           Beat
 Jun. 30 2022      0.09           -0.35          Missed