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Stewart Information Services (STC)
:STC
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Earnings Data
Report Date
Feb 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.98Last Year’s EPS
0.32Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 25, 2018
|% Change Since: -6.60%
|Next Earnings Date:Jul 18, 2018
Earnings Call Sentiment|Neutral
Stewart has demonstrated resilience and growth in key areas such as commercial operations and revenue despite challenging housing market conditions and declining existing home sales. The company remains optimistic about long-term growth, supported by technological advancements and strategic market positioning. However, increased operating expenses and continued market challenges temper the overall outlook.Company Guidance
During the Stewart Information Services Third Quarter 2024 Earnings Call, CEO Frederick Eppinger highlighted several key metrics and projections. The company faced a challenging market environment, with existing home sales experiencing a 3% decline, marking 37 consecutive months of year-over-year reductions. Despite this, Stewart's commercial services segment showed robust performance, with a 30% increase in commercial revenues and a 25% rise in average commercial fee per file to $17,700. The real estate solutions segment also demonstrated strength, achieving a pretax margin improvement to 13.4% from 13% in the previous year. Overall, Stewart reported a third-quarter net income of $30 million or $1.07 per diluted share on total revenues of $668 million. Adjusted net income was $33 million or $1.17 per diluted share, reflecting a significant improvement from the prior year. The company remains optimistic about long-term growth, targeting a normalized housing market in 2026 with an annual sale of 5 million existing homes and believes in achieving low double-digit pretax margins as the market stabilizes.Growth in Revenue and Earnings
Stewart reported third quarter net income of $30 million or $1.07 per diluted share on total revenues of $668 million. Adjusted third quarter net income was $33 million or $1.17 per diluted share, compared to $24 million or $0.86 per diluted share in the third quarter of 2023.
Success in Commercial Operations
Domestic commercial operations generated $16 million or 30% higher revenues, primarily due to higher transaction size and volume in the energy and multifamily sectors.
Increase in Annual Dividend
Stewart announced an increase in its annual dividend from $1.90 to $2.00 per share, marking the fourth consecutive year of dividend increases.
Recognition as a Top Employer
Stewart was named one of the 2024-'25 Best Companies to Work by U.S. News & World Report.
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STC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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STC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 23, 2024 | $66.92 | $70.95 | +6.02% |
| Jul 24, 2024 | $72.19 | $71.37 | -1.14% |
| Apr 24, 2024 | $61.64 | $60.35 | -2.09% |
| Feb 07, 2024 | $57.91 | $58.06 | +0.26% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Stewart Information Services (STC) report earnings?
Stewart Information Services (STC) is schdueled to report earning on Feb 05, 2025, TBA Not Confirmed.
What is Stewart Information Services (STC) earnings time?
Stewart Information Services (STC) earnings time is at Feb 05, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is STC EPS forecast?
STC EPS forecast for the fiscal quarter 2024 (Q4) is 0.98.
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