Analysts Estimate Fidelis Insurance Holdings (FIHL) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - Wall Street anticipates a year-over-year decline in earnings for Fidelis Insurance Holdings despite higher revenues, with the actual results being crucial for stock price movement [1][2]. Earnings Expectations - The upcoming earnings report is expected on August 14, 2024, with an estimated EPS of $0.69, reflecting a -10.4% change year-over-year, while revenues are projected to be $582.19 million, up 28.5% from the previous year [3][2]. Estimate Revisions - The consensus EPS estimate has been revised down by 8.43% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, making it challenging to predict an earnings beat [10][11]. Historical Performance - In the last reported quarter, Fidelis Insurance was expected to post earnings of $0.75 per share but delivered $0.74, resulting in a -1.33% surprise. Over the last four quarters, the company has beaten consensus EPS estimates twice [12][13]. Conclusion - Fidelis Insurance does not appear to be a strong candidate for an earnings beat, and investors should consider other factors when making decisions regarding the stock ahead of the earnings release [16].