Ryan Specialty (US:RYAN) ZACKSยท2024-10-30 22:51Core Viewpoint - Ryan Specialty Group reported quarterly earnings of $0.41 per share, matching the Zacks Consensus Estimate, and showing an increase from $0.32 per share a year ago [1] - The company posted revenues of $604.69 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 0.01%, and up from $501.94 million year-over-year [2] Financial Performance - The earnings surprise for the previous quarter was 1.75%, with actual earnings of $0.58 per share against an expected $0.57 [1] - Over the last four quarters, the company has surpassed consensus EPS estimates only once [1] - Ryan Specialty shares have increased approximately 62.7% year-to-date, compared to a 22.3% gain in the S&P 500 [3] Future Outlook - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $0.47 for the upcoming quarter and $1.81 for the current fiscal year [4][7] - The Zacks Rank for Ryan Specialty is currently 2 (Buy), indicating expected outperformance in the near future [6] Industry Context - The Insurance - Brokerage industry is ranked in the top 30% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions, which can be tracked by investors [5]