SKWD Earnings Prediction
The chart below shows how SKWD performed 10 days before and after its earnings report, based on data from the past quarters. Typically, SKWD sees a -1.38% change in stock price 10 days leading up to the earnings, and a +3.61% change 10 days following the report. On the earnings day itself, the stock moves by -0.01%. This data can give you a slight idea of what to expect for the next quarter's release.
SKWD Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
293.85M
19.64%
4.31%
Gross Margin
--
--
--
Operating Margin
14.24%
-5.00%
-9.99%
Net Margin
12.48%
41.18%
13.56%
EPS
0.89
56.14%
18.67%
No Data Available
SKWD Earnings Analysis
Skyward Specialty Insurance Group, Inc. Common Stock Corporation (SKWD.O) Earnings Conference Call
Positive
Adjusted Operating Income: We reported adjusted operating income of $0.71 per diluted share.
Operating Income Increase: Our adjusted operating income of $2.26 per diluted share is up over 50% compared to 2023.
Combined Ratio Performance: We reported a 92.2% combined ratio, which includes less than three points of cat losses, a testament to our disciplined underwriting and risk management strategy.
Book Value Per Share Increase: Our fully diluted book value per share was up 19% from the beginning of the year to $18.99.
Annualized Return on Equity: Our annualized return on equity through nine months was an outstanding 19.1%.
Negative
Operating Income Decline: Despite a reported adjusted operating income of $0.71 per diluted share for Q3 2024, this reflects a significant decline compared to the previous year's $2.26 per diluted share, indicating a drop of over 68%.
Net Income Decline: The company reported a net income of $36.7 million or $0.89 per diluted share, which is a decrease from $21.7 million or $0.57 per diluted share in the same period last year, representing a decline of 69%.
Underwriting Performance Decline: The combined ratio for the quarter was reported at 92.2%, which is concerning as it indicates a deterioration in underwriting performance compared to previous periods.
Loss Ratio Consistency: The year-to-date loss ratio of 60.6% remained consistent with the prior year, suggesting no improvement in loss management despite efforts to enhance underwriting strategies.
Market Challenges Acknowledged: The company acknowledged challenges in the market, particularly in the commercial auto segment, which has been a significant driver of negative growth, reflecting ongoing competitive pressures.
SKWD FAQs
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SKWD Earning Call Sentiment
Skyward Specialty Insurance Group, Inc. (SKWD) Q3 2024 Earnings Call Transcript
1.0x
00:00
00:00
SKWD.O
1.28%Positive
The earnings call reflects strong financial performance, with significant growth in net income and book value per share, a low debt-to-capital ratio, and a positive outlook on strategic initiatives. The share repurchase program indicates confidence in undervaluation and commitment to shareholder returns. Despite some cautiousness in certain market areas and unclear management responses, the overall sentiment is positive. The market cap suggests a potential stock price movement in the positive range (2% to 8%) over the next two weeks.