Key Takeaways:
- W.R. Berkley (WRB, Financial) is set to announce its first-quarter earnings on April 21, with expectations of an EPS decrease to $0.99.
- The company's revenue is projected to increase by 6% to $3.02 billion, despite analyst predictions of a reduction in EPS.
- Consensus among analysts suggests a "Hold" recommendation for WRB, with a projected modest downside from the current stock price.
Upcoming Earnings and Projections
W.R. Berkley (WRB) is poised to release its first-quarter earnings report on April 21, after the market closes. Analysts anticipate an earnings per share (EPS) of $0.99, reflecting a 36.5% decrease compared to the previous year. However, revenue is expected to climb by 6% to $3.02 billion. Notably, over the past two years, WRB has consistently surpassed revenue estimates, which is a positive indicator for investors monitoring the company’s performance.
Wall Street Analysts Forecast
According to the one-year price targets from 14 analysts, WR Berkley Corp (WRB, Financial) is projected to reach an average target price of $68.58. Estimates range from a high of $80.00 to a low of $52.12, with the average target suggesting a minor downside of 0.32% from the current trading price of $68.80. For more comprehensive estimates, you can visit the WR Berkley Corp (WRB) Forecast page.
Brokerage Recommendations and GF Value
The collective recommendation from 17 brokerage firms places WR Berkley Corp (WRB, Financial) at an average recommendation of 2.6, indicating a "Hold" status. This rating is based on a scale where 1 signifies a Strong Buy and 5 denotes a Sell, highlighting a cautious yet stable outlook among analysts.
GuruFocus estimates place the GF Value for WR Berkley Corp (WRB, Financial) at $66.96 in one year. This suggests a potential downside of 2.67% from the current price of $68.80. The GF Value represents GuruFocus' assessment of the stock’s fair trading value, calculated through historical multiples and anticipated business performance. Further insights can be accessed on the WR Berkley Corp (WRB) Summary page.
