XL Group plc Earnings: Everything You Must Know Now

XL Group plc (NYSE:XL) 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.

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XL Group plc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 78.85% to $0.93 in the quarter versus EPS of $0.52 in the year-earlier quarter.

Revenue: Rose 16.54% to $2.04 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: XL Group plc reported adjusted EPS income of $0.93 per share. By that measure, the company beat the mean analyst estimate of $0.65. It beat the average revenue estimate of $1.51 billion.

Quoting Management: Commenting on the Company’s performance, Chief Executive Officer Mike McGavick said:
“In the first quarter, XL once again delivered solid results — the kind of results we seek to routinely produce. While none of us are ready to declare victory, particularly with the benefit of a quiet catastrophe and large loss quarter, such results make us all the more driven to deliver consistent, quality performance, even as catastrophes and losses normalize. We are pleased with our progress and are maintaining our diligent, grinding work.”

Key Stats (on next page)…

Revenue increased 6.71% from $1.91 billion in the previous quarter. EPS increased 615.38% from $0.13 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.68 to a profit $0.75. For the current year, the average estimate has moved up from a profit of $2.36 to a profit of $2.62 over the last ninety days.

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