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

Mercury General

31/10/2023 21:02

* Mercury General Corp  MCY.N  reported quarterly adjusted
earnings of $1.14​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 28 cents.The mean expectation of
two analysts for the quarter was for earnings of 14 cents per
share. Wall Street expected results to range from -1 cents to 30
cents per share.
    * Revenue rose 18.3% to $1.07 billion from a year ago;
analysts
expected $1.11 billion. 
    * Mercury General Corp's reported EPS for the quarter was a
loss
of 15 cents​.
    * The company reported a quarterly loss of $8.23 million.
    * Mercury General Corp shares had risen by 8.2% this
quarter and
lost 11.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 124.2%
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 "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Mercury
General
Corp is $33.00 

This summary was machine generated from LSEG data October 31 at
09:02 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.15           1.14           Beat
 Jun. 30 2023      -0.44          -0.47          Missed
 Mar. 31 2023      -1.12          -1.52          Missed
 Dec. 31 2022      -0.36          -1.45          Missed