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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, ...
Everest (EG) - 2024 Q3 - Quarterly Results
2024-10-30 20:16
NEWS RELEASE EVEREST GROUP, LTD. Seon place, 141 Front Street, 4 Floor, Hamilton HM 19, Bermuda th Contacts Media: Dawn Lauer Investors: Matt Rohrmann Chief Communications Officer Head of Investor Relations 908.300.7670 908.604.7343 Everest Reports Third Quarter 2024 Results 1 Net Income of $509 million and Net Operating Income of $630 million Total Shareholder Return of 19.4% Annualized YTD 17.8% Net Income ROE and 18.7% Net Operating Income ROE HAMILTON, Bermuda – (BUSINESS WIRE) – October 30, 2024 – Ever ...
Is a Beat in Store for Everest Group This Earnings Season?
ZACKS· 2024-10-29 19:01
Everest Group, Ltd. (EG) is slated to report third-quarter 2024 earnings on Oct. 30, after market close. EG's earnings beat estimates in three of the trailing four quarters while missing in one.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.Factors to ConsiderPremium growth is likely to have been driven by the solid performance of EG’s Reinsurance and Insurance segments. We expect net written premium to increase 21.3% to $4.7 billion in the third quarter.The Insurance segment is li ...
Unveiling Everest Group (EG) Q3 Outlook: Wall Street Estimates for Key Metrics
ZACKS· 2024-10-29 14:21
Wall Street analysts forecast that Everest Group (EG) will report quarterly earnings of $11.91 per share in its upcoming release, pointing to a year-over-year decline of 15.8%. It is anticipated that revenues will amount to $4.48 billion, exhibiting an increase of 11.4% compared to the year-ago quarter.Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.3% to its current level. This demonstrates the covering analysts' collective reassessment of their initial pro ...
Everest Group Names SS&C Blue Prism a Leader for Seventh Consecutive Year in RPA Products PEAK Matrix® 2024
Prnewswire· 2024-10-22 11:00
WINDSOR, Conn., Oct. 22, 2024 /PRNewswire/ -- SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced SS&C Blue Prism has been named a Robotic Process Automation (RPA) Leader in the Everest Group Robotic Process Automation (RPA) Products PEAK Matrix® Assessment 2024. "SS&C BluePrism's strong vision and roadmap, market presence, depth and breadth of RPA capabilities, and its ability to offer a unified platform with AI, orchestration, APIs, and process intelligence have helped reinforce its position a ...
Happiest Minds positioned as a 'Major Contender' in Everest Group's Cybersecurity PEAK Matrix® Assessment - North America 2024
Prnewswire· 2024-10-22 09:20
SAN JOSE, Calif. and LONDON and BENGALURU, India, Oct. 22, 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 latest market evaluation report, Cybersecurity Services PEAK Matrix® Assessment 2024 - North America by Everest Group.Ram Mohan C, CEO of Infrastructure Management & Security Services (IMSS), Happiest Minds, said, "Our approach to cybersecurity is stra ...
Ensemble Named a Leader in Everest Group's RCM Operations PEAK Matrix® Assessment 2024
GlobeNewswire News Room· 2024-10-16 13:55
Core Insights - Ensemble has been recognized as a Leader in Everest Group's RCM Operations PEAK Matrix® Assessment 2024, highlighting its market impact and the value delivered to a growing client base [1][2]. Company Performance - Ensemble manages $35 billion in annual net patient revenue and partners with more unique health systems than any other firm, focusing on improving revenue cycle performance through end-to-end managed services [3]. - The company meets 100% of year-one client goals, exceeds 102% of year-one cash collections, and delivers an average net revenue improvement of 5% each year across clients [3]. Industry Challenges - The healthcare revenue cycle is becoming increasingly complex due to changing regulations, reimbursement requirements, and shifts in payer policy, leading to heightened demand for certified coders and strategic partners [2][3]. Recognition and Awards - Ensemble has received multiple accolades, including Best in KLAS for full revenue cycle outsourcing (2020-2022, 2024) and Black Book Research's Top Revenue Cycle Management Outsourcing Solution (2021-2024) [4]. - The company has also been recognized with 22 HFMA MAP Awards for High Performance in Revenue Cycle (2019-2024) and various workplace awards [4]. Service Capabilities - Ensemble offers a comprehensive suite of end-to-end RCM services, supported by a 100% certified coding team skilled in specialties such as cardiology, radiology, and pediatrics [3]. - The company utilizes over 11,000 certified revenue cycle operators, data-rich intelligence, and AI-infused decision-making to enhance revenue cycle operations [5].
Experis Named IT Talent and Solutions Leader by Everest Group's PEAK Matrix® Assessment
Prnewswire· 2024-09-25 13:31
Report Highlights Experis' Wide-Ranging Services and Strategic Partnerships MILWAUKEE, Sept. 25, 2024 /PRNewswire/ -- For the third year in a row, Experis®, a global leader in IT workforce solutions and part of the ManpowerGroup (NYSE: MAN) family of brands, has been named a Leader in Everest Group's U.S. IT Contingent Talent and Strategic Solutions PEAK Matrix® Assessment 2024. The report recognizes Experis for its ability to source talent for both traditional and next-generation technologies across key in ...
YPrime Recognized as Trailblazer in Patient Engagement by Everest Group
GlobeNewswire News Room· 2024-09-24 12:42
MALVERN, Pa., Sept. 24, 2024 (GLOBE NEWSWIRE) -- YPrime, the leading pioneer in clinical trial technology, today announced its recognition as a Trailblazer in the Everest Group's Clinical Trial Patient Engagement Products Assessment. This prestigious acknowledgment underscores YPrime's commitment to improving patient participation and engagement in clinical trials through innovative, experience-centric, and quality-driven technology. "We are thrilled to be named a Trailblazer by the Everest Group," said Jim ...