Skyward Specialty Insurance Group Inc reports results for the quarter ended in December - Earnings Summary

Skyward Specialty Insurance

21/02/2024 10:54

* Skyward Specialty Insurance Group Inc  SKWD.OQ  reported
quarterly adjusted earnings of 61 cents​​ per share for the
quarter ended in December, higher than the same quarter last
year, when the company reported EPS of 36 cents.  The mean
expectation of eight analysts for the quarter was for earnings
of 57 cents per share. Wall Street expected results to range
from 51 cents to 61 cents per share.
    * Revenue rose 31.5% to $246.30 million from a year ago;
analysts
expected $245.61 million. 
    * Skyward Specialty Insurance Group Inc's reported EPS for
the
quarter was 74 cents​.
    * The company reported quarterly net income of $29.27
million.
    * Skyward Specialty Insurance Group Inc shares had risen
by 2.3%
this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for Skyward
Specialty
Insurance Group Inc is $40.00 

This summary was machine generated from LSEG data February 21 at
10:53 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
 Dec. 31 2023      0.57           0.61           Beat
 Sep. 30 2023      0.36           0.65           Beat
 Jun. 30 2023      0.39           0.42           Beat
 Mar. 31 2023      0.34           0.42           Beat