Siriuspoint Ltd reports results for the quarter ended June 30 - Earnings Summary

• Siriuspoint Ltd SPNT.N reported quarterly adjusted earnings of 50 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 57 cents. The mean expectation of four analysts for the quarter was for earnings of 57 cents per share. Wall Street expected results to range from 48 cents to 67 cents per share.

• Revenue was $652.00 million​; analysts expected $705.04 million.

• Siriuspoint Ltd's reported EPS for the quarter was 50 cents​.

• The company reported quarterly net income of $63.2 million.

• Siriuspoint Ltd shares had fallen by 4.0% this quarter and gained 19.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 11.2% 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 "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell." The average consensus recommendation for the reinsurance peer group is also "buy"

• Wall Street's median 12-month price target for Siriuspoint Ltd is $25.00, about 21.7% above its last closing price of $19.58

This summary was machine generated from LSEG data August 4 at 01:31 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)