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

W. R. Berkley

23/04/2024 14:31

* W R Berkley Corp  WRB.N  reported quarterly adjusted
earnings of
$1.56​​ per share for the quarter ended in March, higher than
the same quarter last year, when the company reported EPS of
$1.00.  The mean expectation of thirteen analysts for the
quarter was for earnings of $1.44 per share. Wall Street
expected results to range from $1.32  to $1.56 per share.
    * Revenue rose 12.5% to $3.26 billion from a year ago;
analysts
expected $3.25 billion. 
    * W R Berkley Corp's reported EPS for the quarter was
$1.64​.
    * The company reported quarterly net income of $442.47
million.
    * W R Berkley Corp shares had fallen by 5.7% this
quarter and
gained 18.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.2%
in the last three months.​ 
    * In the last 30 days, seven 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 $94.00 
This summary was machine generated from LSEG data April 23 at
01:31 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
 Mar. 31 2024      1.44           1.56           Beat
 Dec. 31 2023      1.38           1.45           Beat
 Sep. 30 2023      1.18           1.35           Beat
 Jun. 30 2023      1.10           1.14           Beat