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Stewart Information Services Third Quarter 2022 Earnings: Revenues Beat Expectations, EPS Lags

Stewart Information Services (NYSE:STC) Third Quarter 2022 Results

Key Financial Results

  • Revenue: US$716.4m (down 14% from 3Q 2021).

  • Net income: US$29.4m (down 67% from 3Q 2021).

  • Profit margin: 4.1% (down from 11% in 3Q 2021). The decrease in margin was driven by lower revenue.

  • EPS: US$1.08 (down from US$3.30 in 3Q 2021).

earnings-and-revenue-growth
earnings-and-revenue-growth

All figures shown in the chart above are for the trailing 12 month (TTM) period

Stewart Information Services Revenues Beat Expectations, EPS Falls Short

Revenue exceeded analyst estimates by 2.9%. Earnings per share (EPS) missed analyst estimates by 39%.

Looking ahead, revenue is expected to decline by 11% p.a. on average during the next 3 years, while revenues in the Insurance industry in the US are expected to grow by 5.5%.

Performance of the American Insurance industry.

The company's shares are down 6.2% from a week ago.

Risk Analysis

It is worth noting though that we have found 1 warning sign for Stewart Information Services that you need to take into consideration.

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.

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