Wall Street analysts forecast that Markel Group (MKL) will report quarterly earnings of $24.74 per share in its upcoming release, pointing to a year-over-year decline of 4.7%. It is anticipated that revenues will amount to $3.99 billion, exhibiting an increase of 4.2% compared to the year-ago quarter.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Markel Group metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Operating revenues- Net investment income' will reach $247.91 million. The estimate suggests a change of +11.1% year over year.
According to the collective judgment of analysts, 'Operating revenues- Earned premiums' should come in at $2.11 billion. The estimate indicates a year-over-year change of +1.5%.
Analysts expect 'Net Earned Premiums- Reinsurance' to come in at $266.07 million. The estimate suggests a change of +0.5% year over year.
The collective assessment of analysts points to an estimated 'Net Earned Premiums- Insurance' of $1.84 billion. The estimate indicates a year-over-year change of +1.6%.
The consensus among analysts is that 'Underwriting Expenses Ratio' will reach 34.9%. Compared to the present estimate, the company reported 34.2% in the same quarter last year.
Analysts' assessment points toward 'Loss Ratio - Total' reaching 63.2%. Compared to the current estimate, the company reported 59.3% in the same quarter of the previous year.
The average prediction of analysts places 'Combined Ratio' at 98.1%. Compared to the current estimate, the company reported 93.5% in the same quarter of the previous year.
View all Key Company Metrics for Markel Group here>>>
Over the past month, shares of Markel Group have returned +0.7% versus the Zacks S&P 500 composite's +3.6% change. Currently, MKL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Markel Group Inc. (MKL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
