For its third fiscal quarter (ending September 30), Everest Re Group Ltd (NYSE: EG) has reported a -25% decline in E.P.S. from $15.63 a year ago to $11.80 in the current quarter. E.P.S. were $63.93 for the latest four quarters through September 30 versus $54.15 for the same period a year ago — an increase of 18%.
Recent Price Action
On 10/30/24, Everest Re Group Ltd (NYSE: EG) stock rose modestly by 0.9%, closing at $380.00. NORMAL trading volume accompanied the advance. The stock has declined -1.4% during the last week and has performed in line with the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, RE is expected to continue to be an important Value Builder.
Everest RE Group has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Everest RE Group has a good Power Rating of 71 and a good Appreciation Score of 85, and the Highest Value Trend Rating results.
Rating Review
In light of this new information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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