W R Berkley Corp reports results for the quarter ended in December - Earnings Summary

W. R. Berkley

24/01/2024 22:38

* W R Berkley Corp  WRB.N  reported quarterly adjusted
earnings of
$1.45​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of
$1.16.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.38 per share. Wall Street
expected results to range from $1.29  to $1.51 per share.
    * Revenue rose 6.9% to $3.22 billion from a year ago;
analysts
expected $3.21 billion. 
    * W R Berkley Corp's reported EPS for the quarter was
$1.47​.
    * The company reported quarterly net income of $397.34
million.
    * W R Berkley Corp shares had risen by 8.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.8%
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 8 "strong buy" or "buy," 7
"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 W R Berkley Corp
is $79.00 
This summary was machine generated from LSEG data January 24 at
10:38 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      1.38           1.45           Beat
 Sep. 30 2023      1.18           1.35           Beat
 Jun. 30 2023      1.10           1.14           Beat
 Mar. 31 2023      1.23           1.00           Missed