Fidelis Insurance (US:FIHL) ZACKS·2024-08-14 22:40Core Insights - Fidelis Insurance Holdings reported quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.69 per share, and down from $0.77 per share a year ago, representing an earnings surprise of -21.74% [1] - The company posted revenues of $547.1 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 6.03%, compared to $453.2 million in the same quarter last year [2] - Fidelis Insurance shares have increased by approximately 39% since the beginning of the year, outperforming the S&P 500's gain of 13.9% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.76 on revenues of $677.04 million, and for the current fiscal year, it is $3.07 on revenues of $2.44 billion [7] - The estimate revisions trend for Fidelis Insurance is mixed, resulting in a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Industry Context - The Insurance - Multi line industry, to which Fidelis Insurance belongs, is currently in the top 27% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8]