Validus Holdings Ltd. Earnings: Everything You Must Know Now

Validus Holdings, Ltd. (NYSE:VR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Validus Holdings, Ltd. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 37.58% to $1.03 in the quarter versus EPS of $1.65 in the year-earlier quarter.

Revenue: Rose 34.77% to $580.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Validus Holdings, Ltd. reported adjusted EPS income of $1.03 per share. By that measure, the company beat the mean analyst estimate of $0.88. It beat the average revenue estimate of $539.66 million.

Quoting Management: Validus’ Chairman and CEO Ed Noonan stated: “I am pleased to announce another very good quarter for Validus with diluted net operating income of $1.03 per share and an annualized net operating return on average equity of 11.9%. All three of our segments – Validus Re, AlphaCat and Talbot – performed strongly, with particularly notable numbers posted by Talbot, which had record second quarter net operating income of 56.6 million.”

Key Stats (on next page)…

Revenue increased 3.31% from $562.28 million in the previous quarter. EPS decreased 43.72% from $1.83 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.91 to a profit $0.83. For the current year, the average estimate has moved down from a profit of $5.24 to a profit of $4.93 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)