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STC — Stewart Information Services News Story

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Stewart Information Q4 revenue rises 19%

Overview

Real estate services firm's Q4 revenue rose 19% yr/yr

Adjusted EPS for Q4 increased, driven by operational improvements

Title segment operating revenues grew 19%, led by direct and agency operations

Outlook

Company did not provide specific guidance for future quarters or years in press release

Result Drivers

TITLE SEGMENT GROWTH - Title segment operating revenues increased 19% in Q4, driven by strong performances in direct and agency operations

REAL ESTATE SOLUTIONS - Real estate solutions segment revenues rose 29%, primarily due to credit information services

NET LOSSES - Q4 included $3.8 million of pretax net realized and unrealized losses, mainly in the title segment

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 Net Income$36.30 mln
Analyst Coverage The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell" The average consensus recommendation for the property & casualty insurance peer group is "buy" Wall Street's median 12-month price target for Stewart Information Services Corp is $81.00, about 19.5% above its February 3 closing price of $67.80 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago Press Release: ID:nPn9T4vVPa For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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