Argo Group International Holdings, Ltd. (NASDAQ:AGII) delivered a profit and missed Wall Street’s expectations, BUT beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Argo Group International Holdings, Ltd. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 42% to $0.71 in the quarter versus EPS of $0.50 in the year-earlier quarter.
Revenue: Rose 14.47% to $364 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Argo Group International Holdings, Ltd. reported adjusted EPS income of $0.71 per share. By that measure, the company missed the mean analyst estimate of $0.73. It beat the average revenue estimate of $320.97 million.
Quoting Management: “Our results reflect another improving quarter for Argo,” said Argo Group CEO Mark E. Watson III. “This performance was driven by better underwriting margins and strong premium growth as we continue to benefit from our recent new business and operating initiatives and from improved market conditions.”
Key Stats (on next page)…
Revenue increased 6.56% from $341.6 million in the previous quarter. EPS were the same at $0.71 as 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 $0.73 to a profit $0.65. For the current year, the average estimate has moved down from a profit of $3.13 to a profit of $2.85 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)