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

Skyward Specialty Insurance

05/08/2024 22:02

* Skyward Specialty Insurance Group Inc  SKWD.OQ  reported
quarterly adjusted earnings of 80 cents​​ per share for the
quarter ended in June, higher than the same quarter last year,
when the company reported EPS of 42 cents.  The mean expectation
of nine analysts for the quarter was for earnings of 65 cents
per share. Wall Street expected results to range from 56 cents
to 76 cents per share.
    * Revenue rose 33% to $279.94 million from a year ago;
analysts
expected $282.67 million. 
    * Skyward Specialty Insurance Group Inc's reported EPS for
the
quarter was 75 cents​.
    * The company reported quarterly net income of $30.97
million.
    * Skyward Specialty Insurance Group Inc shares had risen
by 8.6%
this quarter and gained 16.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.3%
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 7 "strong buy" or "buy," 2
"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 $45.50 
This summary was machine generated from LSEG data August 5 at
09:01 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
 Jun. 30 2024      0.65           0.80           Beat
 Mar. 31 2024      0.63           0.75           Beat
 Dec. 31 2023      0.36           0.61           Beat
 Sep. 30 2023      0.36           0.65           Beat