Ryan Specialty Holdings Inc reports results for the quarter ended in January - Earnings Summary

Ryan Specialty Holdings

03/05/2024 20:03

* Ryan Specialty Holdings Inc  RYAN.N  reported quarterly
adjusted
earnings of 35 cents​​ per share for the quarter ended in
January, higher than the same quarter last year, when the
company reported EPS of 26 cents.  The mean expectation of
twelve analysts for the quarter was for earnings of 35 cents per
share. Wall Street expected results to range from 34 cents to 37
cents per share.
    * Revenue rose 20.6% to $552.05 million from a year ago;
analysts
expected $549.14 million. 
    * Ryan Specialty Holdings Inc's reported EPS for the quarter
was
13 cents​.
    * The company reported quarterly net income of $40.68
million.
    * Ryan Specialty Holdings Inc shares had fallen by 4.6% this
quarter and gained 23.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 2.4%
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 5 "strong buy" or "buy," 6
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
insurance
& brokers peer group is  "hold."

Wall Street's median 12-month price target for Ryan Specialty
Holdings Inc is $58.00 
This summary was machine generated from LSEG data May 3 at 07:03
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
 Mar. 31 2024      0.35           0.35           Met
 Dec. 31 2023      0.34           0.35           Beat
 Sep. 30 2023      0.31           0.32           Beat
 Jun. 30 2023      0.44           0.45           Beat