Skyward Specialty Insurance (SKWD) Q4 Earnings: What To Expect

SKWD Cover Image

Specialty insurance provider Skyward Specialty Insurance (NASDAQ: SKWD) will be reporting earnings this Monday after the bell. Here’s what you need to know.

Skyward Specialty Insurance beat analysts’ revenue expectations last quarter, reporting revenues of $382.5 million, up 27.1% year on year. It was a stunning quarter for the company, with a solid beat of analysts’ net premiums earned estimates and an impressive beat of analysts’ revenue estimates.

Is Skyward Specialty Insurance a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Skyward Specialty Insurance’s revenue to grow 25% year on year, improving from the 23.6% increase it recorded in the same quarter last year.

Skyward Specialty Insurance Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Skyward Specialty Insurance has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Skyward Specialty Insurance’s peers in the property & casualty insurance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. First American Financial delivered year-on-year revenue growth of 21.6%, beating analysts’ expectations by 15.2%, and Stewart Information Services reported revenues up 19.6%, topping estimates by 2.5%. First American Financial traded up 2.8% following the results while Stewart Information Services was also up 2.9%.

Read our full analysis of First American Financial’s results here and Stewart Information Services’s results here.

Investors in the property & casualty insurance segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Skyward Specialty Insurance is up 4.4% during the same time and is heading into earnings with an average analyst price target of $63.80 (compared to the current share price of $47.01).

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