Overview
Real estate services firm's Q4 revenue rose 19% yr/yr
Adjusted EPS for Q4 increased, driven by operational improvements
Title segment operating revenues grew 19%, led by direct and agency operations
Outlook
Company did not provide specific guidance for future quarters or years in press release
Result Drivers
TITLE SEGMENT GROWTH - Title segment operating revenues increased 19% in Q4, driven by strong performances in direct and agency operations
REAL ESTATE SOLUTIONS - Real estate solutions segment revenues rose 29%, primarily due to credit information services
NET LOSSES - Q4 included $3.8 million of pretax net realized and unrealized losses, mainly in the title segment
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Net Income | $36.30 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the property & casualty insurance peer group is "buy"
Wall Street's median 12-month price target for Stewart Information Services Corp is $81.00, about 19.5% above its February 3 closing price of $67.80
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 13 three months ago
Press Release: ID:nPn9T4vVPa
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)