Skyward Specialty Insurance (SKWD) Q1 Earnings: What To Expect

Specialty insurance provider Skyward Specialty Insurance (NASDAQ:SKWD) will be reporting earnings this Wednesday after the bell. Here’s what to expect.

Skyward Specialty Insurance beat analysts’ revenue expectations last quarter, reporting revenues of $385.6 million, up 26.7% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ book value per share estimates and a beat of analysts’ EPS estimates.

Is Skyward Specialty Insurance a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Skyward Specialty Insurance’s revenue to grow 29.1% year on year, improving from the 24% increase it recorded in the same quarter last year.

The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Skyward Specialty Insurance has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Skyward Specialty Insurance’s peers in the property & casualty insurance segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 27.7%, beating analysts’ expectations by 4.7%, and First American Financial reported revenues up 16.2%, topping estimates by 2.4%. Stewart Information Services traded up 3.9% following the results while First American Financial was also up 3.5%.

Read our full analysis of Stewart Information Services’s results here and First American Financial’s results here.

Investors in the property & casualty insurance segment have had steady hands going into earnings, with share prices up 1.9% on average over the last month. Skyward Specialty Insurance is down 1.7% during the same time and is heading into earnings with an average analyst price target of $60.18 (compared to the current share price of $43.62).

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