Universal Insurance Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Universal Insurance Holdings

27/10/2024 15:46

* Universal Insurance Holdings Inc  UVE.N  reported a
quarterly
adjusted loss of 73 cents​​ per share for the quarter ended
September 30, lower than the same quarter last year, when the
company reported EPS of -16 cents.  The mean expectation of
two analysts for the quarter was for a loss of 96 cents per
share. Wall Street expected results to range from $-1.03 to -90
cents per share.
    * Revenue rose 4.4% to $345.74 million from a year ago;
analysts
expected $341.98 million. 
    * Universal Insurance Holdings Inc's reported EPS for the
quarter
was a loss of 57 cents​.
    * The company reported a quarterly loss of $16.16 million.
    * Universal Insurance Holdings Inc shares had fallen by 9.3%
this
quarter and gained 25.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 101%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $25.00 
This summary was machine generated from LSEG data October 27 at
03:46 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
 Sep. 30 2024      -0.96          -0.73          Beat
 Jun. 30 2024      1.03           1.18           Beat
 Mar. 31 2024      1.05           1.07           Beat
 Dec. 31 2023      0.25           0.43           Beat