W.R. Berkley Earnings: Everything You Must Know Now

W.R. Berkley Corporation (NYSE:WRB) 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.

W.R. Berkley Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 7.69% to $0.70 in the quarter versus EPS of $0.65 in the year-earlier quarter.

Revenue: Rose 10.96% to $1.57 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: W.R. Berkley Corporation reported adjusted EPS income of $0.70 per share. By that measure, the company beat the mean analyst estimate of $0.68. It beat the average revenue estimate of $1.56 billion.

Quoting Management: William R. Berkley, chairman and chief executive officer, said: “We are pleased with the second quarter’s results. Our improved performance was driven by higher underwriting margins and a declining expense ratio. The benefits from improved underwriting results more than offset the decline in investment income.”

Key Stats (on next page)…

Revenue increased 4.26% from $1.51 billion in the previous quarter. EPS decreased 5.41% from $0.74 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 $0.70 to a profit $0.69. For the current year, the average estimate has moved down from a profit of $2.92 to a profit of $2.89 over the last ninety days.

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