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 |
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