Stewart Information Services Full Year 2023 Earnings: EPS: US$1.11 (vs US$6.00 in FY 2022)
Stewart Information Services (NYSE:STC) Full Year 2023 Results
Key Financial Results
Revenue: US$2.26b (down 27% from FY 2022).
Net income: US$30.4m (down 81% from FY 2022).
Profit margin: 1.3% (down from 5.3% in FY 2022). The decrease in margin was driven by lower revenue.
EPS: US$1.11 (down from US$6.00 in FY 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Stewart Information Services Earnings Insights
Looking ahead, revenue is forecast to grow 4.0% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 4.1% from a week ago.
Risk Analysis
We don't want to rain on the parade too much, but we did also find 2 warning signs for Stewart Information Services (1 is a bit unpleasant!) that you need to be mindful of.
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