Analysts Estimate SiriusPoint (SPNT) to Report a Decline in Earnings: What to Look Out for

Core Viewpoint - SiriusPoint (SPNT) is anticipated to report a year-over-year decline in earnings due to lower revenues, with earnings expected to be $0.56 per share, reflecting a -1.8% change, and revenues projected at $720.1 million, down 3.1% from the previous year [1][3]. Earnings Expectations - The upcoming earnings report is scheduled for August 4, and the stock may experience price movement based on whether the reported numbers exceed or fall short of expectations [2]. - The consensus EPS estimate has been revised down by 14.12% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that SiriusPoint has an Earnings ESP of 0%, suggesting no recent analyst revisions that differ from the consensus estimate [12]. - Despite a Zacks Rank of 2 (Buy), the combination of a 0% Earnings ESP makes it challenging to predict an earnings beat for SiriusPoint [12]. Historical Performance - In the last reported quarter, SiriusPoint had an earnings surprise of +88.46%, reporting $0.49 per share against an expected $0.26 [13]. - Over the past four quarters, the company has only beaten consensus EPS estimates once [14]. Industry Comparison - In contrast, MGIC Investment (MTG), another player in the insurance industry, is expected to post earnings of $0.7 per share, reflecting a -9.1% year-over-year change, with revenues projected at $306.76 million, up 0.4% [18][19]. - MGIC has an Earnings ESP of +2.37% and has consistently beaten consensus EPS estimates in the last four quarters, indicating a more favorable outlook compared to SiriusPoint [19].