Specialty insurance company Bowhead Specialty Holdings (NYSE: BOW) will be announcing earnings results tomorrow before market hours. Here’s what to look for.
Bowhead Specialty beat analysts’ revenue expectations last quarter, reporting revenues of $143.9 million, up 23.3% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates and a narrow beat of analysts’ revenue estimates.
Is Bowhead Specialty 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 Bowhead Specialty’s revenue to grow 19.9% year on year, slowing from the 44.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Bowhead Specialty has a history of exceeding Wall Street’s expectations.
Looking at Bowhead Specialty’s peers in the property & casualty insurance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First American Financial delivered year-on-year revenue growth of 21.6%, beating analysts’ expectations by 15.2%, and Stewart Information Services reported revenues up 19.6%, topping estimates by 2.5%. First American Financial traded up 2.8% following the results while Stewart Information Services was also up 2.9%.
Read our full analysis of First American Financial’s results here and Stewart Information Services’s results here.
Investors in the property & casualty insurance segment have had steady hands going into earnings, with share prices flat over the last month. Bowhead Specialty is down 2.7% during the same time and is heading into earnings with an average analyst price target of $34.29 (compared to the current share price of $25.07).
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