Ryan Specialty Holdings Third Quarter 2024 Earnings: EPS Misses Expectations
Ryan Specialty Group Holdings, Inc. RYAN | 72.53 | -1.21% |
Ryan Specialty Holdings (NYSE:RYAN) Third Quarter 2024 Results
Key Financial Results
- Revenue: US$588.1m (up 21% from 3Q 2023).
- Net income: US$28.6m (up from US$5.15m loss in 3Q 2023).
- Profit margin: 4.9% (up from net loss in 3Q 2023).
- EPS: US$0.15 (up from US$0.044 loss in 3Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Ryan Specialty Holdings EPS Misses Expectations
Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 24%.
Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 5.2% growth forecast for the Insurance industry in the US.
The company's shares are down 3.0% from a week ago.
Risk Analysis
Be aware that Ryan Specialty Holdings is showing 3 warning signs in our investment analysis and 1 of those shouldn't be ignored...
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