We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Curious about Markel Group (MKL) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Wall Street analysts forecast that Markel Group (MKL - Free Report) will report quarterly earnings of $24.74 per share in its upcoming release, pointing to a year-over-year decline of 4.7%. It is anticipated that revenues will amount to $3.99 billion, exhibiting an increase of 4.2% compared to the year-ago quarter.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Markel Group metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Operating revenues- Net investment income' will reach $247.91 million. The estimate suggests a change of +11.1% year over year.
According to the collective judgment of analysts, 'Operating revenues- Earned premiums' should come in at $2.11 billion. The estimate indicates a year-over-year change of +1.5%.
Analysts expect 'Net Earned Premiums- Reinsurance' to come in at $266.07 million. The estimate suggests a change of +0.5% year over year.
The collective assessment of analysts points to an estimated 'Net Earned Premiums- Insurance' of $1.84 billion. The estimate indicates a year-over-year change of +1.6%.
The consensus among analysts is that 'Underwriting Expenses Ratio' will reach 34.9%. Compared to the present estimate, the company reported 34.2% in the same quarter last year.
Analysts' assessment points toward 'Loss Ratio - Total' reaching 63.2%. Compared to the current estimate, the company reported 59.3% in the same quarter of the previous year.
The average prediction of analysts places 'Combined Ratio' at 98.1%. Compared to the current estimate, the company reported 93.5% in the same quarter of the previous year.
Over the past month, shares of Markel Group have returned +0.7% versus the Zacks S&P 500 composite's +3.6% change. Currently, MKL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Curious about Markel Group (MKL) Q2 Performance? Explore Wall Street Estimates for Key Metrics
Wall Street analysts forecast that Markel Group (MKL - Free Report) will report quarterly earnings of $24.74 per share in its upcoming release, pointing to a year-over-year decline of 4.7%. It is anticipated that revenues will amount to $3.99 billion, exhibiting an increase of 4.2% compared to the year-ago quarter.
The current level reflects an upward revision of 0.4% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Markel Group metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Operating revenues- Net investment income' will reach $247.91 million. The estimate suggests a change of +11.1% year over year.
According to the collective judgment of analysts, 'Operating revenues- Earned premiums' should come in at $2.11 billion. The estimate indicates a year-over-year change of +1.5%.
Analysts expect 'Net Earned Premiums- Reinsurance' to come in at $266.07 million. The estimate suggests a change of +0.5% year over year.
The collective assessment of analysts points to an estimated 'Net Earned Premiums- Insurance' of $1.84 billion. The estimate indicates a year-over-year change of +1.6%.
The consensus among analysts is that 'Underwriting Expenses Ratio' will reach 34.9%. Compared to the present estimate, the company reported 34.2% in the same quarter last year.
Analysts' assessment points toward 'Loss Ratio - Total' reaching 63.2%. Compared to the current estimate, the company reported 59.3% in the same quarter of the previous year.
The average prediction of analysts places 'Combined Ratio' at 98.1%. Compared to the current estimate, the company reported 93.5% in the same quarter of the previous year.
View all Key Company Metrics for Markel Group here>>>Over the past month, shares of Markel Group have returned +0.7% versus the Zacks S&P 500 composite's +3.6% change. Currently, MKL carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .