Yahoo Finance Mercury General Full Year 2022 Earnings: EPS Beats Expectations, Revenues Lag
Mercury General (NYSE:MCY) Full Year 2022 Results
Key Financial Results
Revenue: US$3.64b (down 8.8% from FY 2021).
Net loss: US$512.7m (down by 307% from US$247.9m profit in FY 2021).
US$9.26 loss per share (down from US$4.48 profit in FY 2021).
MCY Profitability Indicators
Combined ratio: 108.7% (up from 98.3% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Mercury General EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 1.7%. Earnings per share (EPS) exceeded analyst estimates by 4.9%.
Looking ahead, revenue is forecast to grow 10% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 7.6% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 1 warning sign for Mercury General that you should be aware of.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
Join A Paid User Research Session
You’ll receive a US$30 Amazon Gift card for 1 hour of your time while helping us build better investing tools for the individual investors like yourself. Sign up here
