Everest Group Ltd reports results for the quarter ended March 31 - Earnings Summary

• Everest Group Ltd EG reported quarterly adjusted earnings of $6.45​​ per share for the quarter ended March 31, lower than the same quarter last year, when the company reported EPS of $16.32. The mean expectation of thirteen analysts for the quarter was for earnings of $7.62 per share. Wall Street expected results to range from $6.25 to $9.18 per share.

• Revenue rose 5.5% to $3.85 billion from a year ago; analysts expected $3.93 billion.

• Everest Group Ltd's reported EPS for the quarter was $4.90​.

• The company reported quarterly net income of $210 million.

• Everest Group Ltd shares had fallen by 1.1% this quarter and lost 0.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 35.8% 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 7 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the reinsurance peer group is also "buy"

• Wall Street's median 12-month price target for Everest Group Ltd is $395.00

This summary was machine generated from LSEG data May 1 at 03:09 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)