TWFG Inc reports results for the quarter ended June 30 - Earnings Summary

• TWFG Inc TWFG.OQ reported quarterly adjusted earnings of 20 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $14.89. The mean expectation of eight analysts for the quarter was for earnings of 17 cents per share. Wall Street expected results to range from 15 cents to 18 cents per share.

• Revenue rose 13.2% to $60.31 million from a year ago; analysts expected $63.48 million.

• TWFG Inc's reported EPS for the quarter was 13 cents​.

• The company reported quarterly net income of $1.96 million.

• TWFG Inc shares had fallen by 22.4% this quarter and lost 11.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 6.1% 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 4 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the multiline insurance & brokers peer group is also "buy"

• Wall Street's median 12-month price target for TWFG Inc is $35.00, about 23.5% above its last closing price of $26.76

This summary was machine generated from LSEG data August 12 at 11:23 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)