Bowhead Specialty (NYSE:BOW) Issues Q3 2024 Earnings Guidance

Bowhead Specialty (NYSE:BOW) updated its third quarter 2024 earnings guidance on Monday. The company provided EPS guidance of 0.360-0.390 for the period, compared to the consensus EPS estimate of 0.320. The company issued revenue guidance of $114.0 million-$119.0 million, compared to the consensus revenue estimate of $101.6 million.

Wall Street Analyst Weigh In

BOW has been the subject of several recent analyst reports. Royal Bank of Canada reiterated an “outperform” rating and issued a $32.00 target price on shares of Bowhead Specialty in a research note on Wednesday, August 7th. JMP Securities raised their target price on shares of Bowhead Specialty from $31.00 to $32.00 and gave the company a “market outperform” rating in a research note on Tuesday, October 15th. Three analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $29.40.

Bowhead Specialty Stock Down 4.6 %

BOW opened at $29.15 on Wednesday. The firm has a fifty day moving average price of $29.35. Bowhead Specialty has a 1 year low of $22.14 and a 1 year high of $32.55.

Bowhead Specialty (NYSE:BOW) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.27 by $0.01. The business had revenue of $98.90 million during the quarter, compared to analyst estimates of $94.28 million. The business’s revenue was up 51.0% compared to the same quarter last year. On average, research analysts expect that Bowhead Specialty will post 1.3 EPS for the current fiscal year.

Bowhead Specialty Company Profile

Bowhead Specialty Holdings Inc provides specialty property and casualty insurance products in the United States. It underwrites casualty insurance solutions for risks in the construction, distribution, heavy manufacturing, real estate, and hospitality segments; professional liability insurance solutions for financial institutions, private and public directors and officers liability insurance, errors and omissions liability insurance, and cyber segments; and healthcare solutions for hospitals, senior care providers, managed care organizations, miscellaneous medical facilities, and healthcare management liability segments.