Fidelis Insurance Holdings Ltd reports results for the quarter ended September 30 - Earnings Summary

Pelagos Insurance Capital

13/11/2024 14:24

* Fidelis Insurance Holdings Ltd  FIHL.N  reported quarterly
adjusted earnings of 88 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 76 cents.  The mean expectation of
ten analysts for the quarter was for earnings of 72 cents per
share. Wall Street expected results to range from 52 cents to 92
cents per share.
    * Revenue rose 49.7% to $467.90 million from a year ago;
analysts
expected $436.04 million. 
    * Fidelis Insurance Holdings Ltd's reported EPS for the
quarter
was 88 cents​.
    * The company reported quarterly net income of $100.6
million.
    * Fidelis Insurance Holdings Ltd shares had risen by 2.2%
this
quarter and gained 45.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 12%
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 4 "strong buy" or "buy," 6
"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 Fidelis Insurance
Holdings Ltd is $20.50 
This summary was machine generated from LSEG data November 13 at
02:24 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
 Sep. 30 2024      0.72           0.88           Beat
 Jun. 30 2024      0.69           0.46           Missed
 Mar. 31 2024      0.62           0.69           Beat
 Dec. 31 2023      0.79           1.15           Beat