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Stay Ahead of the Game With Markel Group (MKL) Q2 Earnings: Wall Street's Insights on Key Metrics
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In its upcoming report, Markel Group (MKL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $20.76 per share, reflecting a decline of 7.5% compared to the same period last year. Revenues are forecasted to be $3.86 billion, representing a year-over-year increase of 5.4%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Markel Group metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Operating revenues- Net investment income' of $228.26 million. The estimate indicates a change of +34.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating revenues- Earned premiums' will likely reach $2.11 billion. The estimate suggests a change of +3.7% year over year.
Analysts expect 'Net Earned Premiums- Reinsurance' to come in at $238.28 million. The estimate points to a change of -11.2% from the year-ago quarter.
It is projected by analysts that the 'Net Earned Premiums- Insurance' will reach $1.85 billion. The estimate points to a change of +5.1% from the year-ago quarter.
Analysts forecast 'Combined Ratio' to reach 97.5%. The estimate is in contrast to the year-ago figure of 92.8%.
Shares of Markel Group have experienced a change of +3.2% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MKL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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Stay Ahead of the Game With Markel Group (MKL) Q2 Earnings: Wall Street's Insights on Key Metrics
In its upcoming report, Markel Group (MKL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $20.76 per share, reflecting a decline of 7.5% compared to the same period last year. Revenues are forecasted to be $3.86 billion, representing a year-over-year increase of 5.4%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.2% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Markel Group metrics that are commonly tracked and forecasted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Operating revenues- Net investment income' of $228.26 million. The estimate indicates a change of +34.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Operating revenues- Earned premiums' will likely reach $2.11 billion. The estimate suggests a change of +3.7% year over year.
Analysts expect 'Net Earned Premiums- Reinsurance' to come in at $238.28 million. The estimate points to a change of -11.2% from the year-ago quarter.
It is projected by analysts that the 'Net Earned Premiums- Insurance' will reach $1.85 billion. The estimate points to a change of +5.1% from the year-ago quarter.
Analysts forecast 'Combined Ratio' to reach 97.5%. The estimate is in contrast to the year-ago figure of 92.8%.
View all Key Company Metrics for Markel Group here>>>
Shares of Markel Group have experienced a change of +3.2% in the past month compared to the +0.1% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MKL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>