Title insurance provider Stewart Information Services (NYSE: STC) will be reporting earnings this Wednesday after the bell. Here’s what to look for.
Stewart Information Services beat analysts’ revenue expectations last quarter, reporting revenues of $899.2 million, up 24.3% year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates.
Is Stewart Information Services a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Stewart Information Services’s revenue to grow 15.2% year on year, slowing from the 19.3% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Stewart Information Services has a history of exceeding Wall Street’s expectations.
Looking at Stewart Information Services’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. RLI delivered year-on-year revenue growth of 5.1%, meeting analysts’ expectations, and Travelers reported flat revenue, topping estimates by 0.7%. Travelers’s stock price was unchanged following the results.
Read our full analysis of RLI’s results here and Travelers’s results here.
Investors in the property & casualty insurance segment have had steady hands going into earnings, with share prices up 1.1% on average over the last month. Stewart Information Services is down 17.1% during the same time and is heading into earnings with an average analyst price target of $79 (compared to the current share price of $52.10).
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