Universal Insurance Holdings Inc reports results for the quarter ended in December - Earnings Summary

Universal Insurance Holdings

23/02/2024 16:12

* Universal Insurance Holdings Inc  UVE.N  reported
quarterly
adjusted earnings of 43 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 72 cents.  The mean expectation of
two analysts for the quarter was for earnings of 25 cents per
share. Wall Street expected results to range from 23 cents to 27
cents per share.
    * Revenue rose 14.9% to $335.40 million from a year ago;
analysts
expected $328.12 million. 
    * Universal Insurance Holdings Inc's reported EPS for the
quarter
was 68 cents​.
    * The company reported quarterly net income of $20 million.
    * Universal Insurance Holdings Inc shares had risen by 7.8%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 316.7%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is  "hold."

Wall Street's median 12-month price target for Universal
Insurance Holdings Inc is $21.00 
This summary was machine generated from LSEG data February 23 at
04:11 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      0.25           0.43           Beat
 Sep. 30 2023      -0.29          -0.16          Beat
 Jun. 30 2023      0.77           0.87           Beat
 Mar. 31 2023      0.74           0.79           Beat