Mercury General Corp reports results for the quarter ended December 31 - Earnings Summary

• Mercury General Corp MCY.N reported quarterly adjusted earnings of $2.78​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of $1.15. The mean expectation of two analysts for the quarter was for earnings of $1.12 per share. Wall Street expected results to range from 64 cents to $1.60 per share.

• Revenue fell 0.6% to $1.37 billion from a year ago; analysts expected $1.40 billion.

• Mercury General Corp's reported EPS for the quarter was $1.82​.

• The company reported quarterly net income of $101.07 million.

• Mercury General Corp shares had fallen by 23.8% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 36.7% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the property & casualty insurance peer group is "hold."

Wall Street's median 12-month price target for Mercury General Corp is $70.00

This summary was machine generated from LSEG data February 11 at 10:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)