Skyward Specialty Insurance (SKWD) Reports Q2: Everything You Need To Know Ahead Of Earnings

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Specialty insurance provider Skyward Specialty Insurance (NASDAQ: SKWD) will be reporting results this Tuesday after the bell. Here’s what to expect.

Skyward Specialty Insurance beat analysts’ revenue expectations last quarter, reporting revenues of $475.9 million, up 44.8% year on year. It was an exceptional quarter for the company, with a solid beat of analysts’ net premiums earned estimates and a beat of analysts’ EPS estimates.

Is Skyward Specialty Insurance a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Skyward Specialty Insurance’s revenue to grow 46.6% year on year, improving from the 14.3% increase it recorded in the same quarter last year.

Skyward Specialty Insurance Total Revenue

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Skyward Specialty Insurance has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Skyward Specialty Insurance’s peers in the property & casualty insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. First American Financial delivered year-on-year revenue growth of 15%, beating analysts’ expectations by 3.4%, and Markel Group reported flat revenue, topping estimates by 1.1%. First American Financial traded down 2.2% following the results while Markel Group was also down 6.4%.

Read our full analysis of First American Financial’s results here and Markel Group’s results here.

Investors in the property & casualty insurance segment have had steady hands going into earnings, with share prices flat over the last month. Skyward Specialty Insurance’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $65.18 (compared to the current share price of $60).

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