W R Berkley Corp reports results for the quarter ended in January 1 - Earnings Summary

W. R. Berkley

21/10/2024 22:38

* W R Berkley Corp  WRB.N  reported quarterly adjusted
earnings of
93 cents​​ per share for the quarter ended January 1, higher
than the same quarter last year, when the company reported EPS
of 90 cents.  The mean expectation of fifteen analysts for the
quarter was for earnings of 92 cents per share. Wall Street
expected results to range from 85 cents to 98 cents per share.
    * Revenue rose 12.2% to $3.40 billion from a year ago;
analysts
expected $3.44 billion. 
    * W R Berkley Corp's reported EPS for the quarter was 91
cents​.
    * The company reported quarterly net income of $365.63
million.
    * W R Berkley Corp shares had risen by 8.0% this quarter and
gained 31.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 2.7%
in the last three months.​ 
    * In the last 30 days, eight analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 9 "strong buy" or "buy," 7
"hold" and 1 "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 $58.50 
This summary was machine generated from LSEG data October 21 at
09:37 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      0.92           0.93           Beat
 Jun. 30 2024      0.92           1.04           Beat
 Mar. 31 2024      0.96           1.04           Beat
 Dec. 31 2023      0.92           0.97           Beat