Everest Group (NYSE:EG) Posts Quarterly Earnings Results, Misses Expectations By $1.76 EPS

Everest Group (NYSE:EG) announced its quarterly earnings results on Wednesday. The company reported $7.62 EPS for the quarter, missing the consensus estimate of $9.38 by ($1.76), Zacks reports. Everest Group had a net margin of 11.70% and a return on equity of 13.46%. The company had revenue of $3.71 billion during the quarter, compared to analysts’ expectations of $3.81 billion. During the same quarter in the prior year, the company earned $7.54 earnings per share. The business’s revenue for the quarter was down 14.0% on a year-over-year basis.

Everest Group Stock Up 1.7%

EG stock opened at $407.36 on Friday. The company has a market cap of $15.62 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.57 and a beta of 0.26. The company has a 50 day moving average of $377.67 and a two-hundred day moving average of $352.75. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.23. Everest Group has a 12-month low of $304.55 and a 12-month high of $411.21.

Everest Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, September 25th. Investors of record on Wednesday, September 9th were given a dividend of $2.00 per share. This represents a $8.00 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, September 9th. Everest Group’s payout ratio is presently 16.92%.

More Everest Group News

Here are the key news stories impacting Everest Group this week:

• Positive Sentiment: Management emphasized underwriting discipline and a more selective approach to growth, particularly in U.S. casualty insurance. The strategy is intended to improve risk-adjusted returns after recent reserve issues. Everest Group Earnings Call Highlights Discipline And Growth
• Positive Sentiment: Record investment income provided an earnings cushion, while management presented the current period as a transition phase that could support stronger future underwriting performance. EG Q3 deep dive
• Neutral Sentiment: Everest Group’s valuation remains relatively low, with a reported price-to-earnings ratio of about 8.4, but investors may continue assigning a discount until reserve development and casualty-loss trends stabilize.
• Negative Sentiment: Third-quarter adjusted earnings of $7.62 per share missed the $9.38 consensus estimate, while revenue of $3.71 billion fell short of the $3.81 billion forecast and declined 14% year over year. Everest Group Q3 Earnings Miss Estimates
• Negative Sentiment: Higher catastrophe losses and unfavorable reserve development hurt underwriting profits. The results raise concerns about claims-cost inflation and Everest’s prior expansion in U.S. casualty insurance.
• Negative Sentiment: Several law firms announced or promoted a securities class action covering investors who purchased EG shares from February 8, 2024, through October 27, 2025. The suit alleges Everest misrepresented its management of U.S. casualty risks; the allegations have not been proven, but the litigation adds reputational and potential financial risk. The lead-plaintiff deadline is December 28, 2026. Everest Group class action notice

Wall Street Analysts Forecast Growth

Several brokerages have commented on EG. Weiss Ratings upgraded shares of Everest Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, October 21st. Wells Fargo & Company upped their price target on shares of Everest Group from $373.00 to $396.00 and gave the stock an “equal weight” rating in a research report on Friday, July 31st. Morgan Stanley boosted their price target on Everest Group from $355.00 to $360.00 and gave the company an “equal weight” rating in a research report on Monday, July 6th. Citigroup lifted their target price on shares of Everest Group from $395.00 to $415.00 and gave the company a “neutral” rating in a report on Friday, July 31st. Finally, TD Cowen raised their price target on shares of Everest Group from $365.00 to $385.00 and gave the company a “hold” rating in a report on Wednesday, August 19th. Six investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, Everest Group has a consensus rating of “Hold” and an average price target of $407.94.

Everest Group Company Profile

Everest Group, Ltd. is a global insurance and reinsurance company that provides property and casualty coverage to businesses, institutions, and other insurers. Its operations focus on assuming and managing risks through reinsurance, as well as offering insurance products in selected specialty and commercial markets.

The company’s reinsurance business supports insurers across lines such as property, casualty, specialty, and other risks. Through its insurance platform, Everest provides coverage for commercial customers and specialty exposures, including property, casualty, professional liability, and other products that may vary by market.