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Market Impact: 0.35

Universal Insurance Holdings (UVE) Surpasses Q1 Earnings and Revenue Estimates

UVE
Corporate EarningsAnalyst EstimatesCompany Fundamentals

Universal Insurance Holdings reported quarterly EPS of $2.00, beating the Zacks Consensus Estimate of $1.39 by $0.61 per share, or about 44%. Earnings also improved from $1.44 per share a year ago, indicating solid year-over-year growth. The report is positive for company fundamentals and could support the stock in the near term.

Analysis

Universal Insurance Holdings reported quarterly EPS of $2.00, beating the Zacks Consensus Estimate of $1.39 by $0.61 per share, or about 44%. Earnings also improved from $1.44 per share a year ago, indicating solid year-over-year growth. The report is positive for company fundamentals and could support the stock in the near term.

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Market Sentiment

Overall Sentiment

moderately positive

Sentiment Score

0.48

Ticker Sentiment

UVE0.55