Mercury General (NYSE:MCY) reported its Q1 earnings results on Tuesday, May 2, 2023 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Mercury General missed estimated earnings by 35.71%, reporting an EPS of $-1.52 versus an estimate of $-1.12.
Revenue was up $301.54 million from the same period last year.
Past Earnings Performance
Last quarter the company missed on EPS by $1.09 which was followed by a 6.92% drop in the share price the next day.
Here’s a look at Mercury General’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | -0.36 | -0.25 | 0.08 | 0.65 |
| EPS Actual | -1.45 | 0.28 | -0.35 | -0.77 |
| Revenue Estimate | 1.06B | 1.05B | 1.02B | 998.35M |
| Revenue Actual | 1.15B | 900.29M | 785.62M | 805.46M |
To track all earnings releases for Mercury General visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
