Specialty insurance provider Skyward Specialty Insurance (NASDAQ: SKWD) will be reporting earnings this Wednesday after market hours. Here’s what investors should know.
Skyward Specialty Insurance beat analysts’ revenue expectations by 5.5% last quarter, reporting revenues of $328.5 million, up 24% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ net premiums earned estimates and a solid beat of analysts’ book value per share estimates.
Is Skyward Specialty Insurance a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting Skyward Specialty Insurance’s revenue to grow 15.9% year on year to $324.4 million, slowing from the 33% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.87 per share.
The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Skyward Specialty Insurance has only missed Wall Street’s revenue estimates once over the last two years, exceeding top-line expectations by 3.6% on average.
Looking at Skyward Specialty Insurance’s peers in the property & casualty insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 20.1%, beating analysts’ expectations by 9.2%, and First American Financial reported revenues up 14.2%, topping estimates by 4.9%. Stewart Information Services traded up 10.3% following the results while First American Financial was also up 3.5%.
Read our full analysis of Stewart Information Services’s results here and First American Financial’s results here.
The outlook for 2025 remains clouded by potential trade policy changes and corporate tax discussions, which could impact business confidence and growth. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.3% on average over the last month. Skyward Specialty Insurance is down 13.5% during the same time and is heading into earnings with an average analyst price target of $62.22 (compared to the current share price of $50).
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