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SKWD — Skyward Specialty Insurance News Story

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

Skyward Specialty Insurance Group Inc SKWD.OQ reported quarterly adjusted earnings of 89 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 80 cents.  The mean expectation of eleven analysts for the quarter was for earnings of 86 cents per share. Wall Street expected results to range from 83 cents to 91 cents per share.

Revenue rose 14.3% to $319.90 million from a year ago; analysts expected $324.45 million.

Skyward Specialty Insurance Group Inc's reported EPS for the quarter was 93 cents​.

The company reported quarterly net income of $38.84 million.

Skyward Specialty Insurance Group Inc shares had fallen by 11.9% this quarter and gained 0.7% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had risen by about 0.7% in the last three months.​

In the last 30 days, two analysts negatively revised earnings estimates

RECOMMENDATIONS

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy," 5 "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 $65.00, about 21.7% above its last closing price of $50.91

This summary was machine generated from LSEG data July 30 at 09:02 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 ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 20250.860.89Beat
Mar. 31 20250.770.90Beat
Dec. 31 20240.770.80Beat
Sep. 30 20240.650.71Beat

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