Published on 16 Feb 2024 on Simply Wall St. via Yahoo Finance
Mercury General Corporation Just Reported A Surprise Profit, And Analysts Lifted Their Estimates
Shareholders of Mercury General Corporation (NYSE:MCY) will be pleased this week, given that the stock price is up 15% to US$46.18 following its latest yearly results. Mercury General beat expectations by 5.6% with revenues of US$4.6b. It also surprised on the earnings front, with an unexpected statutory profit of US$1.74 per share a nice improvement on the losses that the analyst forecast. Earnings are an important time for investors, as they can track a company's performance, look at what the analyst is forecasting for next year, and see if there's been a change in sentiment towards the company. Readers will be glad to know we've aggregated the latest statutory forecasts to see whether the analyst has changed their mind on Mercury General after the latest results.
Check out our latest analysis for Mercury General
