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

Skyward Specialty Insurance

01/05/2024 23:01

* Skyward Specialty Insurance Group Inc  SKWD.OQ  reported
quarterly adjusted earnings of 75 cents​​ per share for the
quarter ended in January, higher than the same quarter last
year, when the company reported EPS of 42 cents.  The mean
expectation of eight analysts for the quarter was for earnings
of 63 cents per share. Wall Street expected results to range
from 58 cents to 71 cents per share.
    * Revenue rose 39.5% to $264.97 million from a year ago;
analysts
expected $252.09 million. 
    * Skyward Specialty Insurance Group Inc's reported EPS for
the
quarter was 90 cents​.
    * The company reported quarterly net income of $36.78
million.
    * Skyward Specialty Insurance Group Inc shares had fallen
by 6.7%
this quarter and gained 3.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.5%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

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." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Skyward Specialty
Insurance Group Inc is $44.00 
This summary was machine generated from LSEG data May 1 at 10:01
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      0.63           0.75           Beat
 Dec. 31 2023      0.57           0.61           Beat
 Sep. 30 2023      0.36           0.65           Beat
 Jun. 30 2023      0.39           0.42           Beat