The Navigators Group Earnings: Quarter Lacks Gusto

The Navigators Group Inc. (NASDAQ:NAVG) reported its results for the third quarter. Navigators Group is an international insurance holding company focusing on specialty products within the overall property/casualty insurance market.

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The Navigators Group Inc. Earnings Cheat Sheet

Results: Net income for The Navigators Group Inc. fell to $12.9 million (90 cents per share) vs. $13.9 million (92 cents per share) a year earlier. This is a decline of 7.2% from the year-earlier quarter.

Revenue: Rose 15% to $220.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: The Navigators Group Inc. beat the mean analyst estimate of 66 cents per share. It beat the average revenue estimate of $191.1 million.

Key Stats:

Revenue has risen for the last four quarters. Revenue increased 11.1% to $215.9 million in the second quarter. The figure rose 16.4% in the first quarter from the year earlier and climbed 2.7% in the fourth quarter of the last fiscal year from the year-ago quarter.

For three consecutive quarters, the company has topped analyst estimates. It beat the mark by 17 cents in the second quarter and by 6 cents in the first quarter.

Looking Forward: Expectations for the company’s next-quarter results are lower than they have been. Over the past sixty days, the average estimate for fourth quarter has fallen from 78 cents per share to 75 cents. Over the past three months, the average estimate for the fiscal year has climbed from $2.69 per to share to $2.80.

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(Company fundamentals provided by Xignite Financials. Earnings estimates provided by Zacks)

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