Skyward may surpass 'conservative' profit estimates next year, brokerage says

Skyward Specialty Insurance

01/10/2024 11:18

** Commercial property and casualty (P&C) insurer Skyward
Specialty Insurance's  SKWD.O  profit next year could outperform
consensus expectations - William Blair
    ** SKWD's focus on businesses that are less sensitive to P&C
market fluctuations may help margins, brokerage says
    ** Earnings per share for 2025 should be around $3.50,
William Blair says, adding that consensus estimate of $3.21 is
"relatively conservative" 
    ** Stock currently trading at 12 times our 2025 estimates,
while peers trade in the high teens to mid-20s - brokerage
    ** As of last close, SKWD was up 20% YTD 

 (Reporting by Niket Nishant in Bengaluru)
 ((Niket.Nishant@thomsonreuters.com))