Assurant (AIZ) Q1 Earnings Top Estimates

By Zacks8 days ago

Assurant (AIZ) came out with quarterly earnings of $2.47 per share, beating the Zacks Consensus Estimate of $1.96 per share. This compares to earnings of $2.64 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 26.02%. A quarter ago, it was expected that this insurer would post earnings of $2.08 per share when it actually produced earnings of $1.82, delivering a surprise of -12.50%.

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Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Assurant, which belongs to the Zacks Insurance - Multi line industry, posted revenues of $2.43 billion for the quarter ended March 2021, missing the Zacks Consensus Estimate by 0.80%. This compares to year-ago revenues of $2.66 billion. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

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