We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Markel Group (MKL) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended September 2024, Markel Group (MKL - Free Report) reported revenue of $3.69 billion, up 1.5% over the same period last year. EPS came in at $17.34, compared to $16.56 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.74 billion, representing a surprise of -1.28%. The company delivered an EPS surprise of -21.07%, with the consensus EPS estimate being $21.97.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Markel Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Loss Ratio - Total: 61.2% versus the five-analyst average estimate of 62.2%.
Combined Ratio: 96.4% versus the five-analyst average estimate of 96.3%.
Underwriting Expenses Ratio: 35.2% versus the five-analyst average estimate of 34.1%.
Operating revenues- Earned premiums: $2.11 billion compared to the $2.14 billion average estimate based on five analysts. The reported number represents a change of -0.6% year over year.
Operating revenues- Net investment income: $235.48 million versus the five-analyst average estimate of $228.64 million. The reported number represents a year-over-year change of +22.5%.
Net Earned Premiums- Insurance: $1.86 billion compared to the $1.89 billion average estimate based on two analysts. The reported number represents a change of +0.6% year over year.
Net Earned Premiums- Reinsurance: $250.68 million compared to the $262.23 million average estimate based on two analysts. The reported number represents a change of -8.6% year over year.
Shares of Markel Group have returned -0.5% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Markel Group (MKL) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended September 2024, Markel Group (MKL - Free Report) reported revenue of $3.69 billion, up 1.5% over the same period last year. EPS came in at $17.34, compared to $16.56 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.74 billion, representing a surprise of -1.28%. The company delivered an EPS surprise of -21.07%, with the consensus EPS estimate being $21.97.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Markel Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Loss Ratio - Total: 61.2% versus the five-analyst average estimate of 62.2%.
- Combined Ratio: 96.4% versus the five-analyst average estimate of 96.3%.
- Underwriting Expenses Ratio: 35.2% versus the five-analyst average estimate of 34.1%.
- Operating revenues- Earned premiums: $2.11 billion compared to the $2.14 billion average estimate based on five analysts. The reported number represents a change of -0.6% year over year.
- Operating revenues- Net investment income: $235.48 million versus the five-analyst average estimate of $228.64 million. The reported number represents a year-over-year change of +22.5%.
- Net Earned Premiums- Insurance: $1.86 billion compared to the $1.89 billion average estimate based on two analysts. The reported number represents a change of +0.6% year over year.
- Net Earned Premiums- Reinsurance: $250.68 million compared to the $262.23 million average estimate based on two analysts. The reported number represents a change of -8.6% year over year.
View all Key Company Metrics for Markel Group here>>>Shares of Markel Group have returned -0.5% over the past month versus the Zacks S&P 500 composite's +1.8% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.