W.R. Berkley Corp (NYSE:WRB) Upcoming Earnings: What matter for investors?

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W.R. Berkley Corporation (WRB) retreated -0.36% to reach at the floor price of $56.11 as the company is set to share its next quarterly earnings on July 25, 2016. WRB stock trades between $55.82 and $56.45 before the earnings release. Let’s take a closer look at the June 2016 earnings estimates, particularly the things investors should pay close attention to. Earnings (EPS) for the recently concluded quarter is projected to come in at $0.8/share with $1.96B in revenue.

Earnings Track Record: If history is anything to go by, W.R. Berkley Corporation (WRB) managed to beat quarterly EPS forecasts in 9 of the trailing three fiscal years, and has a positive trend with an average surprise of 75%. Last time the company reported, W.R. Berkley Corporation generated $0.89 in earnings per share, surpassing the mean forecast of $0.85. Revenues reached $1.81B in the March 2016 quarter, which was lower than the consensus $1.94B projection. On the other hand, in the December 2015 quarter it recorded a net $1.81B revenue with EPS of $0.89. Wall Street had projected $1.89B and $0.81, respectively. For comparison, there was a revenue of $1.86B and earnings of $0.91 in the September 2015 quarter.

Future Earnings: After upcoming financial results, all eyes will be on the outlook or guidance for the next reporting quarter (September 2016). Analysts, on average, predict W.R. Berkley Corporation to earn $0.83 in earnings per share (EPS) on revenue of $1.96B. The earnings-per-share consensus range is $0.74-$0.91 on sales between $1.86B and $2.15B.

Stock Trend vs. Analyst View: The stock is trading up 18.3 percent versus 1-year low of $47.54 and stands -3.37 lower from its peak of $58.46. The consensus price target of $53.6 means that the market expects Company shares to decrease by -4.47% in the short run. The sell-side target prices range from $45 to $62. In the last month the stock has moved in price 0.25%, with a one year change of 13.24%. The last trading session volume compares with the 460.00K average and market worth floats around $6.88B.

Recent Analyst Rating Changes: The buoyancy in the prospect of W.R. Berkley Corporation (WRB) is getting weaker by the somewhat negative sentiment (3.2 on a 5-point scale) that brokerage firms have issued concerning it. Wall Street analysts on the average recommend the company shares as Hold. Morgan Stanley has been covering shares of WRB, so it’s most recent view is worth a look. In a research note released on January 21, 2016, analysts at Morgan Stanley lifted the stock to Equal-Weight from Underweight.  Another noteworthy analyst activity was recorded on July 09, 2015. BofA/Merrill analysts downgraded the stock to Neutral from Buy.

 

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