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

• Definity Financial Corp DFY.TO reported quarterly adjusted earnings of 65 cents​​ per share for the quarter ended March 31, identical to the same quarter last year. The mean expectation of ten analysts for the quarter was for earnings of 69 cents per share. Wall Street expected results to range from 63 cents to 79 cents per share.

• Revenue rose 12.1% to C$1.11 billion from a year ago; analysts expected C$1.07 billion.

• Definity Financial Corp's reported EPS for the quarter was 79 cents​.

• The company reported quarterly net income of C$92 million.

• Definity Financial Corp shares had risen by 9.1% this quarter and gained 19.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 18.8% in the last three months.​

• In the last 30 days, eight analysts negatively revised 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$64.50

This summary was machine generated from LSEG data May 9 at 04:40 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)