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

Stewart Information Services

24/04/2024 23:24

* Stewart Information Services Corp  STC.N  reported
quarterly
adjusted earnings of 17 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of -25 cents.  The mean expectation of
four analysts for the quarter was for a loss of 13 cents per
share. Wall Street expected results to range from -27 cents
to -1 cents per share.
    * Revenue rose 5.7% to $554.32 million from a year ago;
analysts
expected $536.17 million. 
    * Stewart Information Services Corp's reported EPS for the
quarter
was 11 cents​.
    * The company reported quarterly net income of $3.13
million.
    * Stewart Information Services Corp shares had fallen
by 2.2% this
quarter and gained 8.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 143.8% 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 $68.00 
This summary was machine generated from LSEG data April 24 at
10:24 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
 Mar. 31 2024      -0.13          0.17           Beat
 Dec. 31 2023      0.53           0.60           Beat
 Sep. 30 2023      0.69           0.86           Beat
 Jun. 30 2023      0.71           0.69           Missed