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EG Stock Lags Industry Year to Date: Should Investors Hold or Fold?
ZACKS· 2024-11-25 16:00
Shares of Everest Group, Ltd. (EG) have gained 10.1% year to date, underperforming the industry’s growth of 24.1% and the Zacks S&P 500 composite’s return of 25.4%.EG Lags Industry & S&P YTDImage Source: Zacks Investment ResearchClosing at $389.00 in the last trading session, the stock stands below its 52-week high of $417.04. The expected long-term earnings growth rate is pegged at 2.3%, lower than the industry average of 12.5%.The insurer has been experiencing an increase in expenses due to higher incurre ...
Analytix Solutions Recognized as ‘Aspirant' in Everest Group's 2024 Finance & Accounting Outsourcing (FAO) PEAK Matrix® Assessment
GlobeNewswire News Room· 2024-11-25 15:00
WOBURN, Mass., Nov. 25, 2024 (GLOBE NEWSWIRE) -- Analytix Solutions has secured a prominent position in the Everest Group's 2024 Finance and Accounting Outsourcing (FAO) PEAK Matrix® Assessment, earning the designation 'Aspirant.' This recognition positions the company among the dynamic and rapidly evolving players in the global outsourcing market. About Everest Group Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group's PEAK Matrix® assessments p ...
Everest (EG) - 2024 Q3 - Quarterly Report
2024-11-05 21:19
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q X Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 30, 2024 Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission file number 1-15731 EVEREST GROUP, LTD. (Exact name of registrant as specified in its charter) Bermuda 98-0365432 (State or other jurisdiction of incorporation or organizat ...
Happiest Minds Positioned as a 'Major Contender' in Everest Group's Digital Workplace Services PEAK Matrix® Assessment 2024 - Mid-Market Enterprises
Prnewswire· 2024-11-05 10:37
SAN JOSE, Calif. and LONDON and BENGALURU, India, Nov. 5, 2024 /PRNewswire/ -- Happiest Minds Technologies Limited (NSE: HAPPSTMNDS), a 'Born Digital . Born Agile', Mindful IT Company, today announced that it has been positioned as a 'Major Contender' in the 2024 PEAK Matrix® Assessment for Digital Workplace Services, focused on mid-market enterprises by Everest Group.The PEAK Matrix® report is a data-driven comparative assessment of service providers based on two primary parameters: Vision & Capability (me ...
Everest Group Q3 Earnings, Revenues Miss on Higher Catastrophe Loss
ZACKS· 2024-11-01 16:20
Everest Group, Ltd.’s (EG) third-quarter 2024 operating income of $14.62 per share missed the Zacks Consensus Estimate by 22.7%. The bottom line jumped 3.4% year over year. Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Everest Group witnessed above-average cat loss as well as lower premiums in Insurance. Higher premiums in Reinsurance and improved net investment income limited the downside.Operational UpdateEverest Group’s total operating revenues of $4.3 billion climbed 6.5% year ...
Everest (EG) - 2024 Q3 - Earnings Call Transcript
2024-10-31 19:09
Everest Group, Ltd. (NYSE:EG) Q3 2024 Earnings Conference Call October 31, 2024 8:00 AM ET Company Participants Matthew Rohrmann - Senior Vice President & Head, Investor Relations Juan Andrade - President & Chief Executive Officer Mark Kociancic - Executive Vice President & Chief Financial Officer Jim Williamson - Executive Vice President & Chief Operating Officer Conference Call Participants Yaron Kinar - Jefferies Gregory Peters - Raymond James Josh Shanker - Bank of America Alex Scott - Barclays Meyer Sh ...
Everest Group: Reinsurance Is A Tough Business, But Few Do It Better
Seeking Alpha· 2024-10-31 16:50
Conservative Income Portfolio targets the best value stocks with the highest margins of safety. The volatility of these investments is further lowered using the best priced options. Our Enhanced Equity Income Solutions Portfolio is designed to reduce volatility while generating 7-9% yields.Our last coverage of Everest Group, Ltd. (NYSE: EG ) was about 2 years ago. Back then, the stock had just delivered a scintillating rally and investors could not have been more enamored with the stock. We looked atTrappin ...
Everest (EG) - 2024 Q3 - Earnings Call Presentation
2024-10-31 16:04
Investor Presentation Third Quarter 2024 Cautionary Note On Forward-Looking Statements and Non-GAAP Measures This presentation and the accompanying remarks contain forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These statements reflect management's current expectations based on assumptions we be ...
Everest Group (EG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
ZACKS· 2024-10-30 23:36
For the quarter ended September 2024, Everest Group (EG) reported revenue of $4.29 billion, up 6.5% over the same period last year. EPS came in at $14.62, compared to $14.14 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $4.48 billion, representing a surprise of -4.40%. The company delivered an EPS surprise of +22.75%, with the consensus EPS estimate being $11.91. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...
Everest Group (EG) Beats Q3 Earnings Estimates
ZACKS· 2024-10-30 22:45
Everest Group (EG) came out with quarterly earnings of $14.62 per share, beating the Zacks Consensus Estimate of $11.91 per share. This compares to earnings of $14.14 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 22.75%. A quarter ago, it was expected that this reinsurance company would post earnings of $16.97 per share when it actually produced earnings of $16.85, delivering a surprise of -0.71%.Over the last four quarters, ...