Donegal Group Inc reports results for the quarter ended in March - Earnings Summary

• Donegal Group Inc DGICA reported quarterly adjusted earnings of 13 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 17 cents. The mean expectation of three analysts for the quarter was for earnings of 23 cents per share. Wall Street expected results to range from 20 cents to 27 cents per share.

• Revenue rose 7.3% to $241.14 million from a year ago; analysts expected $236.61 million.

• Donegal Group Inc's reported EPS for the quarter was 18 cents​.

• The company reported quarterly net income of $5.96 million.

• Donegal Group Inc shares had fallen by 1.0% this quarter and gained 0.1% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the property & casualty insurance peer group is also "hold"

Wall Street's median 12-month price target for Donegal Group Inc is $14.00

This summary was machine generated from LSEG data April 25 at 05:28 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)