Mercury General (MCY) reported earnings 30 days ago. What's next for the stock?
Mercury General (MCY) came out with a quarterly loss of $2.29 per share versus the Zacks Consensus Estimate of a loss of $4. This compares to earnings of $0.78 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Mercury General stock gains from rate increases, higher average invested assets, financial flexibility, favorable estimates and attractive valuation.
Mercury General (MCY) reported earnings 30 days ago. What's next for the stock?
Investors need to pay close attention to Mercury General (MCY) stock based on the movements in the options market lately.
Mercury General Corporation (NYSE:MCY ) Q4 2024 Earnings Call February 12, 2025 12:00 PM ET Company Participants Gabriel Tirador - Chief Executive Officer Victor Joseph - President and Chief Operating Officer Ted Stalick - Senior Vice President and Chief Financial Officer Chris Graves - Vice President and Chief Investment Officer Jeff Schroeder - Chief Product Officer Conference Call Participants Gregory Peters - Raymond James Guy Baron - Springview Prem Nainani - Aplomado Advisors Ian Holland - Private Investor Dan David - Wolfpack Research Operator Good morning and welcome to the Mercury General Corporation's Fourth Quarter 2024 Conference Call. [Operator Instructions] Please note this event is being recorded.
Mercury General (MCY) came out with quarterly earnings of $2.78 per share, beating the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $1.15 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
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