Definity Financial Corp reports results for the quarter ended December 31 - Earnings Summary

• Definity Financial Corp DFY.TO reported quarterly adjusted earnings of 95 cents​​ per share for the quarter ended December 31, higher than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of eleven analysts for the quarter was for earnings of 89 cents per share. Wall Street expected results to range from 81 cents to 95 cents per share.

• Revenue rose 12.1% to C$1.12 billion from a year ago; analysts expected C$1.06 billion.

• Definity Financial Corp's reported EPS for the quarter was C$1.00​.

• The company reported quarterly net income of C$116.6 million.

• Definity Financial Corp shares had risen by 5.3% this quarter.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 3.2% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 10 "hold" and no "sell" or "strong sell."

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

Wall Street's median 12-month price target for Definity Financial Corp is C$58.50

This summary was machine generated from LSEG data February 14 at 12:09 a.m. UTC. ​All figures in Canadian 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)