Everest Group Anticipates Earnings Decline in Q1 2025 Release

Everest Group, Ltd. (EG), with a market capitalization of $16.6 billion, specializes in reinsurance and insurance products that include property, casualty, and specialty solutions. Headquartered in Hamilton, Bermuda, the company operates through two main segments: Insurance and Reinsurance.

Upcoming Earnings Announcement

Everest Group is slated to announce its Q1 2025 earnings after the market closes on Wednesday, April 30. Analysts project EG will report adjusted earnings of $7.22 per share, reflecting a significant drop of 55.8% from the $16.32 reported during the same quarter last year. Over the past four quarters, the company has beaten Wall Street’s bottom-line estimates on two occasions and missed on two others.

More Top Stocks Daily: Discover Wall Street’s hottest headlines with Barchart’s Active Investor newsletter.

Fiscal 2025 Projections

For fiscal 2025, analysts anticipate that Everest Group will report an adjusted EPS of $47.35, representing a 58.7% increase from $29.83 in fiscal 2024. Projections for fiscal 2026 suggest continued growth, with earnings expected to rise by 30.9%, reaching $61.69 per share.

Stock Performance Overview

Over the past year, shares of EG have experienced a decline of 3.4%. In contrast, the S&P 500 Index ($SPX) has risen by 4.4%, and the Financial Select Sector SPDR Fund (XLF) has shown an impressive gain of 17.5% during the same timeframe.

Following a mixed Q4 2024 results announcement, EG stock dropped over 1%. For that quarter, the company recorded gross written premiums of $4.7 billion, but reported a net loss of $18.39 per share, falling short of analyst expectations. This loss was mainly attributed to unfavorable developments in prior-year loss reserves related to U.S. casualty lines.

Analyst Opinions

The consensus among analysts who follow Everest Group leans toward moderate optimism, reflected in a “Moderate Buy” rating. Of the 14 analysts covering the stock, five advocate for a “Strong Buy,” one recommends a “Moderate Buy,” seven suggest a “Hold,” and one assigns a “Strong Sell” rating. The average price target for the stock is set at $391.08, indicating a potential premium of 12.5% from current levels.

On the date of publication, Sohini Mondal did not hold any positions in the securities mentioned in this article. All information is provided for informational purposes only. Please refer to the Barchart Disclosure Policy here.

More news from Barchart

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.