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Here's What Key Metrics Tell Us About Everest Group (EG) Q1 Earnings
Zacks Investment Research· 2024-04-29 23:31
Everest Group (EG) reported $4.13 billion in revenue for the quarter ended March 2024, representing a year-over-year increase of 26%. EPS of $16.32 for the same period compares to $11.31 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $4.2 billion, representing a surprise of -1.57%. The company delivered an EPS surprise of +2.13%, with the consensus EPS estimate being $15.98.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ho ...
Everest Group (EG) Q1 Earnings Beat Estimates
Zacks Investment Research· 2024-04-29 22:31
Everest Group (EG) came out with quarterly earnings of $16.32 per share, beating the Zacks Consensus Estimate of $15.98 per share. This compares to earnings of $11.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.13%. A quarter ago, it was expected that this reinsurance company would post earnings of $14.63 per share when it actually produced earnings of $25.18, delivering a surprise of 72.11%.Over the last four quarters, ...
Everest (EG) - 2024 Q1 - Quarterly Results
2024-04-29 20:18
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 First Quarter 2024 Results Net Income of $733 million and Operating Income of $709 million TSR of 18.1%; 20.6% Net Income ROE and 20.0% Operating Income ROE 1 88.8% Combined Ratio Resulting in Record Underwriting Income of $409 million HAMILTON, Bermuda – (BUSINE ...
Should Everest Re (EG) Be in Your Kitty Before Q1 Earnings?
Zacks Investment Research· 2024-04-26 18:15
Everest Re Group (EG) is slated to report first-quarter 2024 earnings on Apr 29, after market close. The Zacks Consensus Estimate for first-quarter earnings per share is pegged at $16.03 on revenues of $4.2 billion. The top and bottom-line estimates imply year-over-year improvements of 1.7% and 28%, respectively.Per our proven model, stocks with a combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) are likely to beat on earnings.At present, Everest Re has an Earnings ...
Unlocking Q1 Potential of Everest Group (EG): Exploring Wall Street Estimates for Key Metrics
Zacks Investment Research· 2024-04-24 14:21
The upcoming report from Everest Group (EG) is expected to reveal quarterly earnings of $16.03 per share, indicating an increase of 41.7% compared to the year-ago period. Analysts forecast revenues of $4.2 billion, representing an increase of 28% year over year.The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.Prior to ...
Here's Why Investors Should Hold Everest Group (EG) Stock
Zacks Investment Research· 2024-04-09 12:26
Everest Group, Ltd.’s (EG) product diversification, higher income from the fixed income portfolio, favorable estimates, strong renewal retention, prudent capital deployment and a solid capital position make it worth retaining in one’s portfolio.Growth ProjectionsThe consensus estimate for Everest Group’s 2025 earnings per share indicates a year-over-year increase of 10.1% from the consensus estimate of 2024. The consensus estimate for 2025 revenues is pinned at $19.27 billion, implying a year-over-year impr ...
Everest Group (EG)'s Technical Outlook is Bright After Key Golden Cross
Zacks Investment Research· 2024-03-12 14:55
Everest Group, Ltd. (EG) is looking like an interesting pick from a technical perspective, as the company reached a key level of support. Recently, EG's 50-day simple moving average crossed above its 200-day simple moving average, known as a "golden cross."Considered an important signifier for a bullish breakout, a golden cross is a technical chart pattern that's formed when a stock's short-term moving average breaks above a longer-term moving average; the most common crossover involves the 50-day and the 2 ...
Why Is Everest Group (EG) Up 3.7% Since Last Earnings Report?
Zacks Investment Research· 2024-03-08 17:36
It has been about a month since the last earnings report for Everest Group (EG) . Shares have added about 3.7% in that time frame, outperforming the S&P 500.Will the recent positive trend continue leading up to its next earnings release, or is Everest Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Everest Group Q4 Earnings Beat on Improved Pr ...
Here's Why Investors Should Retain Everest Group (EG) Stock
Zacks Investment Research· 2024-03-08 14:21
Everest Group, Ltd. (EG) is well-poised to gain on the back of product diversification, higher income from the fixed income portfolio, favorable estimates, strong renewal retention, prudent capital deployment and a solid capital position.Growth ProjectionsThe Zacks Consensus Estimate for Everest Group’s 2025 earnings per share is pegged at $68.07, indicating a year-over-year increase of 9.7%. The consensus estimate for revenues is $19.26 billion, implying an increase of 9.4%.The expected long-term earnings ...
Everest (EG) - 2023 Q4 - Annual Report
2024-02-27 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K X Annual Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the fiscal year ended December 31, 2023 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 organization) (I.R ...