Skyward Specialty Insurance Group Inc reports results for the quarter ended in September 30 - Earnings Summary

Skyward Specialty Insurance

30/10/2024 02:59

* Skyward Specialty Insurance Group Inc  SKWD.OQ  reported
quarterly adjusted earnings of 71 cents​​ per share for the
quarter ended September 30, higher than the same quarter last
year, when the company reported EPS of 65 cents.  The mean
expectation of eleven analysts for the quarter was for earnings
of 65 cents per share. Wall Street expected results to range
from 55 cents to 73 cents per share.
    * Revenue rose 25.8% to $300.89 million from a year ago;
analysts
expected $290.67 million. 
    * Skyward Specialty Insurance Group Inc's reported EPS for
the
quarter was 89 cents​.
    * The company reported quarterly net income of $36.67
million.
    * Skyward Specialty Insurance Group Inc shares had risen
by 12.5%
this quarter and gained 35.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 8.8%
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," 3
"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 48.00 
This summary was machine generated from LSEG data October 30 at
02:58 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
 Sep. 30 2024      0.65           0.71           Beat
 Jun. 30 2024      0.65           0.80           Beat
 Mar. 31 2024      0.63           0.75           Beat
 Dec. 31 2023      0.57           0.61           Beat