Stewart Information Services Corp reports results for the quarter ended in September 30 - Earnings Summary

Stewart Information Services

24/10/2024 04:11

* Stewart Information Services Corp  STC.N  reported
quarterly
adjusted earnings of $1.17​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of 86 cents.  The mean expectation of
three analysts for the quarter was for earnings of $1.04 per
share. Wall Street expected results to range from 98 cents
to $1.09 per share.
    * Revenue rose 11% to $667.94 million from a year ago;
analysts
expected $638.40 million. 
    * Stewart Information Services Corp's reported EPS for the
quarter
was $1.07​.
    * The company reported quarterly net income of $30.1
million.
    * Stewart Information Services Corp shares had fallen
by 9.1% this
quarter and gained 15.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 10.2%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "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 $79.50 
This summary was machine generated from LSEG data October 24 at
03:11 a.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
 Sep. 30 2024      1.04           1.17           Beat
 Jun. 30 2024      1.13           0.91           Missed
 Mar. 31 2024      -0.13          0.17           Beat
 Dec. 31 2023      0.53           0.60           Beat