Mercury General Corp reports results for the quarter ended in January 1 - Earnings Summary
Mercury General Corp MCY.N reported quarterly adjusted earnings of $2.54 per share for the quarter ended January 1, higher than the same quarter last year, when the company reported EPS of $1.14. The mean expectation of two analysts for the quarter was for earnings of $1.70 per share. Wall Street expected results to range from $1.15 to $2.25 per share.
Revenue rose 43.7% to $1.53 billion from a year ago; analysts expected $1.37 billion.
Mercury General Corp's reported EPS for the quarter was $4.17.
The company reported quarterly net income of $230.86 million.
Mercury General Corp shares had risen by 7.7% this quarter and gained 81.8% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 240% in the last three months.
In the last 30 days, there have been no negative revisions of 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 Mercury General Corp is 80.00
This summary was machine generated from LSEG data October 30 at 03:07 a.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 | 1.09 | ||
Jun. 30 2024 | 0.80 | 1.09 | Beat |
Mar. 31 2024 | 0.13 | 0.78 | Beat |
Dec. 31 2023 | 0.20 | 1.15 | Beat |
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
