Ryan Specialty Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Ryan Specialty Holdings

31/10/2024 03:07

* Ryan Specialty Holdings Inc  RYAN.N  reported quarterly
adjusted
earnings of 41 cents​​ per share for the quarter ended September
30, higher than the same quarter last year, when the company
reported EPS of 32 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 42 cents
per share. Wall Street expected results to range from 40 cents
to 44 cents per share.
    * Revenue rose 20.5% to $604.69 million from a year ago;
analysts
expected $600.62 million. 
    * Ryan Specialty Holdings Inc's reported EPS for the quarter
was 9
cents​.
    * The company reported quarterly net income of $17.59
million.
    * Ryan Specialty Holdings Inc shares had risen by 5.4% this
quarter and gained 63.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.7%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 7
"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 75.00 
This summary was machine generated from LSEG data October 31 at
03:07 a.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      0.42           0.41           Missed
 Jun. 30 2024      0.56                          
 Mar. 31 2024      0.35                          
 Dec. 31 2023      0.34           0.35           Beat