Tower Group Earnings Preview
Tower Group (NAS: TWGP) came in under analysts' estimates last quarter, but now have a chance to fix things this quarter. The company will unveil its latest earnings on Monday, Feb. 27. Tower Group, through its subsidiaries, offers property and casualty insurance products, as well as other insurance services and products.
What analysts say:
- Buy, sell, or hold?: Analysts think investors should stand pat on Tower Group, with three out of five analysts rating it a hold. Though analysts still rate the stock a hold, they are a bit more wary about it compared to three months ago.
- Revenue forecasts: On average, analysts predict $417.3 million in revenue this quarter. That would represent a rise of 11.9% from the year-ago quarter.
- Wall Street earnings expectations: The average analyst estimate is earnings of $0.64 per share. Estimates range from $0.62 to $0.66.
What our community says:
CAPS All-Stars are strongly supporting the stock, with 98.5% awarding it an outperform rating. The greater community is in line with the All-Stars, as 97.5% give it a rating of outperform. Tower Group has a bullish CAPS rating of five out of five stars that is about on par with the Fool community assessment.
Revenue has now gone up for three straight quarters.
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At the time this article was published
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