Amerisafe Inc reports results for the quarter ended September 30 - Earnings Summary

• Amerisafe Inc reported quarterly adjusted earnings of 40 cents​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of 55 cents. The mean expectation of four analysts for the quarter was for earnings of 48 cents per share. Wall Street expected results to range from 42 cents to 53 cents per share.

• Revenue fell 2.6% to $79.81 million from a year ago; analysts expected $84.20 million.

• Amerisafe Inc's reported EPS for the quarter was 39 cents​.

• The company reported quarterly net income of $7.2 million.

• Amerisafe Inc shares had risen by 7.7% this quarter and lost 33.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "hold"

• Wall Street's median 12-month price target for Amerisafe Inc is $36.21, about 29.7% above its last closing price of $25.46

This summary was machine generated from LSEG data October 28 at 09:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)