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

Stewart Information Services

26/07/2023 23:48

* Stewart Information Services Corp  STC.N  reported
quarterly
adjusted earnings of 69 cents​​ per share for the quarter ended
in June. The mean expectation of four analysts for the quarter
was for earnings of 71 cents per share.
    * Revenue fell 34.9% to $549.20 million from a year ago;
analysts
expected $588.03 million. 
    * Stewart Information Services Corp's reported EPS for the
quarter
was 58 cents​.
    * The mean earnings estimate of analysts had fallen by
about 45%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate 
    * Stewart Information Services Corp shares had risen
by 12.4% this
quarter and gained 8.3% so far this year.
    * The company reported quarterly net income of $15.8
million.
    * Wall Street's median 12-month price target for Stewart
Information Services Corp is $49.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data July
26 at 10:48 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.71           0.69           Missed
 Mar. 31 2023      -0.15          -0.25          Missed
 Dec. 31 2022      0.82           0.60           Missed
 Sep. 30 2022      1.75           1.37           Missed