Stewart Information Services Corp reports results for the quarter ended September 30 - Earnings Summary

• Stewart Information Services Corp STC.N reported quarterly adjusted earnings of $1.33​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.64. The mean expectation of six analysts for the quarter was for earnings of $1.50 per share. Wall Street expected results to range from $1.39 to $1.70 per share.

• Revenue rose 13% to $900.68 million from a year ago; analysts expected $894.90 million.

• Stewart Information Services Corp's reported EPS for the quarter was 98 cents​.

• The company reported quarterly net income of $30.32 million.

• Stewart Information Services Corp shares had risen by 5.5% this quarter and lost 25.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 14% in the last three months.​

• In the last 30 days, four analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 "buy"

• Wall Street's median 12-month price target for Stewart Information Services Corp is $75.00, about 29.9% above its last closing price of $52.57

This summary was machine generated from LSEG data October 21 at 09:39 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)