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

Ryan Specialty Holdings

03/11/2023 24:52

* Ryan Specialty Holdings Inc  RYAN.N  reported quarterly
adjusted
earnings of 32 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of 25 cents.  The mean expectation of
thirteen analysts for the quarter was for earnings of 31 cents
per share. Wall Street expected results to range from 30 cents
to 33 cents per share.
    * Revenue rose 21.8% to $501.94 million from a year ago;
analysts
expected $494.82 million. 
    * Ryan Specialty Holdings Inc's reported EPS for the quarter
was a
loss of 4 cents​.
    * The company reported a quarterly loss of $5.05 million.
    * Ryan Specialty Holdings Inc shares had fallen by 10.8%
this
quarter and gained 4.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 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 8 "strong buy" or "buy," 4
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the multiline
insurance
& brokers peer group is also "buy"

Wall Street's median 12-month price target for Ryan Specialty
Holdings Inc is $52.50 
This summary was machine generated from LSEG data November 3 at
12:51 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.31           0.32           Beat
 Jun. 30 2023      0.44           0.45           Beat
 Mar. 31 2023      0.25           0.26           Beat
 Dec. 31 2022      0.26           0.27           Beat