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.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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