Everest Re Group Ltd (NYSE: RE) has reported E.P.S. of $16.87 for its first fiscal quarter (ending March 31) versus $9.31 for the same period a year ago — an increase of 81%. Relative to the consensus estimate of $18.47, this was a shortfall of $-1.60. For the latest four quarters through March 31, E.P.S. were $67.29 compared to $16.86 a year ago — an increase of 299%.
Recent Price Action
Everest Re Group Ltd (NYSE: RE) stock closed at $369.11 on 4/29/24 after an increase of 1.2%. Moreover, above average trading volume at 127% of normal accompanied the advance. The stock has performed in line with the market over the last nine months and is unchanged during the last week.
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 B (Positive). This rating combines inconsistent signals from two proprietary PTR measures of a stock’s attractiveness. Everest RE Group has a neutral Power Rating of 55 but a good Appreciation Score of 85, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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