AmTrust Financial Services Earnings: Here’s Why Investors are Happy Now
AmTrust Financial Services, Inc. (NASDAQ:AFSI) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 4.43%.
AmTrust Financial Services, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 30.3% to $0.86 in the quarter versus EPS of $0.66 in the year-earlier quarter.
Revenue: Rose 66.39% to $716.49 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: AmTrust Financial Services, Inc. reported adjusted EPS income of $0.86 per share. By that measure, the company beat the mean analyst estimate of $0.76. It beat the average revenue estimate of $465.58 million.
Key Stats (on next page)…
Revenue increased 26.18% from $567.84 million in the previous quarter. EPS increased 6.17% from $0.81 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.83 to a profit $0.82. For the current year, the average estimate has moved down from a profit of $3.26 to a profit of $3.21 over the last ninety days.
Stocks with improving earnings metrics are worthy of your extra attention. In fact, “E = Earnings Are Increasing Quarter-Over-Quarter” is a core component of our CHEAT SHEET investing framework for this very reason. Don’t waste another minute – click here and get our CHEAT SHEET stock picks now.
(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)