Zacks Research Expects Weaker Earnings for Everest Group

Everest Group, Ltd. (NYSE:EG - Free Report) - Zacks Research cut their Q1 2025 earnings per share estimates for Everest Group in a research note issued to investors on Monday, February 17th. Zacks Research analyst T. De now anticipates that the company will post earnings per share of $9.39 for the quarter, down from their prior forecast of $18.56. The consensus estimate for Everest Group's current full-year earnings is $50.51 per share. Zacks Research also issued estimates for Everest Group's Q2 2025 earnings at $15.61 EPS, Q3 2025 earnings at $9.79 EPS, Q4 2025 earnings at $16.12 EPS, FY2025 earnings at $50.92 EPS, Q1 2026 earnings at $17.60 EPS, Q2 2026 earnings at $17.32 EPS, Q3 2026 earnings at $12.32 EPS, Q4 2026 earnings at $16.80 EPS and FY2026 earnings at $64.05 EPS.

Several other brokerages also recently weighed in on EG. Jefferies Financial Group downgraded Everest Group from a "buy" rating to a "hold" rating and raised their price target for the stock from $420.00 to $429.00 in a report on Tuesday, November 26th. Barclays raised their price target on Everest Group from $461.00 to $470.00 and gave the stock an "overweight" rating in a report on Tuesday, February 4th. Wells Fargo & Company lowered their price target on Everest Group from $390.00 to $380.00 and set an "equal weight" rating for the company in a report on Tuesday, January 14th. Keefe, Bruyette & Woods raised their price target on Everest Group from $420.00 to $434.00 and gave the stock an "outperform" rating in a report on Friday, January 10th. Finally, TD Cowen decreased their target price on Everest Group from $444.00 to $419.00 and set a "hold" rating for the company in a report on Monday, November 18th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Everest Group presently has a consensus rating of "Hold" and a consensus target price of $416.50.

Everest Group Stock Down 0.2 %

NYSE EG traded down $0.81 during trading on Thursday, hitting $337.40. The company's stock had a trading volume of 407,787 shares, compared to its average volume of 436,000. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $14.50 billion, a PE ratio of 10.74, a P/E/G ratio of 0.23 and a beta of 0.65. The business's 50 day simple moving average is $353.32 and its 200-day simple moving average is $370.57. Everest Group has a fifty-two week low of $327.37 and a fifty-two week high of $407.30.

Everest Group (NYSE:EG - Get Free Report) last issued its quarterly earnings results on Monday, February 3rd. The company reported ($18.39) earnings per share for the quarter, missing the consensus estimate of $11.64 by ($30.03). Everest Group had a return on equity of 9.04% and a net margin of 7.95%.

Institutional Investors Weigh In On Everest Group

A number of institutional investors and hedge funds have recently modified their holdings of EG. Sunbelt Securities Inc. purchased a new position in Everest Group during the fourth quarter valued at approximately $29,000. SBI Securities Co. Ltd. purchased a new position in Everest Group during the fourth quarter valued at approximately $31,000. Eastern Bank purchased a new position in Everest Group during the third quarter valued at approximately $35,000. Brooklyn Investment Group purchased a new position in Everest Group during the third quarter valued at approximately $39,000. Finally, Private Trust Co. NA raised its position in Everest Group by 51.7% during the third quarter. Private Trust Co. NA now owns 132 shares of the company's stock valued at $52,000 after acquiring an additional 45 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company's stock.

About Everest Group

Everest Group, Ltd., through its subsidiaries, provides reinsurance and insurance products in the United States, Europe, and internationally. The company operates through two segment, Insurance and Reinsurance. The Reinsurance segment writes property and casualty reinsurance; and specialty lines of business through reinsurance brokers, as well as directly with ceding companies in the United States, Bermuda, Ireland, Canada, Singapore, Switzerland, and the United Kingdom.