Bowhead Specialty Holdings Inc reports results for the quarter ended June 30 - Earnings Summary

• Bowhead Specialty Holdings Inc BOW.N reported quarterly adjusted earnings of 37 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 28 cents. The mean expectation of six analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 34 cents to 38 cents per share.

• Revenue rose 32.2% to $119.14 million from a year ago; analysts expected $127.89 million.

• Bowhead Specialty Holdings Inc's reported EPS for the quarter was 36 cents​.

• The company reported quarterly net income of $12.34 million.

• Bowhead Specialty Holdings Inc shares had fallen by 13.6% this quarter and lost 8.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.5% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "buy"

• Wall Street's median 12-month price target for Bowhead Specialty Holdings Inc is $44.00, about 26.3% above its last closing price of $32.42

This summary was machine generated from LSEG data August 5 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)