Everest Group Ltd reports results for the quarter ended June 30 - Earnings Summary

• Everest Group Ltd EG reported quarterly adjusted earnings of $17.36​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of $16.85. The mean expectation of fourteen analysts for the quarter was for earnings of $14.98 per share. Wall Street expected results to range from $14.02 to $16.00 per share.

• Revenue rose 8.1% to $3.99 billion from a year ago; analysts expected $3.85 billion.

• Everest Group Ltd's reported EPS for the quarter was $16.10​.

• The company reported quarterly net income of $680 million.

• Everest Group Ltd shares had fallen by 2.2% this quarter and lost 8.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4.4% in the last three months.​

• In the last 30 days, six 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 reinsurance peer group is also "buy"

• Wall Street's median 12-month price target for Everest Group Ltd is $398.00, about 16.4% above its last closing price of $332.56

This summary was machine generated from LSEG data July 30 at 11:19 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)