Stewart Information Services Corp reports results for the quarter ended in December - Earnings Summary

Stewart Information Services

07/02/2024 22:44

* Stewart Information Services Corp  STC.N  reported
quarterly
adjusted earnings of 32 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 60 cents.  The mean expectation of
four analysts for the quarter was for earnings of 53 cents per
share. Wall Street expected results to range from 28 cents to 78
cents per share.
    * Revenue fell 11.2% to $582.17 million from a year ago;
analysts
expected $570.93 million. 
    * Stewart Information Services Corp's reported EPS for the
quarter
was 32 cents​.
    * The company reported quarterly net income of $8.82
million.
    * Stewart Information Services Corp shares had risen by 3.0%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.8%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "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 Stewart
Information Services Corp is $72.00 
This summary was machine generated from LSEG data February 7 at
10:44 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
 Dec. 31 2023      0.53           0.32           Missed
 Sep. 30 2023      0.69           0.86           Beat
 Jun. 30 2023      0.71           0.69           Missed
 Mar. 31 2023      -0.15          -0.25          Missed