Assurant, Inc. Beat Analyst Estimates: See What The Consensus Is Forecasting For This Year

Assurant, Inc. (NYSE:AIZ) investors will be delighted, with the company turning in some strong numbers with its latest results. Assurant beat earnings, with revenues hitting US$2.9b, ahead of expectations, and statutory earnings per share outperforming analyst reckonings by a solid 18%. Earnings are an important time for investors, as they can track a company's performance, look at what the analysts are forecasting for next year, and see if there's been a change in sentiment towards the company. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.

See our latest analysis for Assurant

Taking into account the latest results, the most recent consensus for Assurant from four analysts is for revenues of US$11.6b in 2024. If met, it would imply a credible 2.3% increase on its revenue over the past 12 months. Statutory earnings per share are predicted to rise 5.8% to US$15.55. Yet prior to the latest earnings, the analysts had been anticipated revenues of US$11.6b and earnings per share (EPS) of US$15.13 in 2024. So the consensus seems to have become somewhat more optimistic on Assurant's earnings potential following these results.

There's been no major changes to the consensus price target of US$208, suggesting that the improved earnings per share outlook is not enough to have a long-term positive impact on the stock's valuation. That's not the only conclusion we can draw from this data however, as some investors also like to consider the spread in estimates when evaluating analyst price targets. The most optimistic Assurant analyst has a price target of US$223 per share, while the most pessimistic values it at US$182. Still, with such a tight range of estimates, it suggeststhe analysts have a pretty good idea of what they think the company is worth.

Another way we can view these estimates is in the context of the bigger picture, such as how the forecasts stack up against past performance, and whether forecasts are more or less bullish relative to other companies in the industry. We can infer from the latest estimates that forecasts expect a continuation of Assurant'shistorical trends, as the 3.1% annualised revenue growth to the end of 2024 is roughly in line with the 3.4% annual growth over the past five years. Compare this with the broader industry (in aggregate), which analyst estimates suggest will see revenues grow 5.9% annually. So it's pretty clear that Assurant is expected to grow slower than similar companies in the same industry.

The Bottom Line

The most important thing here is that the analysts upgraded their earnings per share estimates, suggesting that there has been a clear increase in optimism towards Assurant following these results. Fortunately, the analysts also reconfirmed their revenue estimates, suggesting that it's tracking in line with expectations. Although our data does suggest that Assurant's revenue is expected to perform worse than the wider industry. The consensus price target held steady at US$208, with the latest estimates not enough to have an impact on their price targets.

With that said, the long-term trajectory of the company's earnings is a lot more important than next year. We have estimates - from multiple Assurant analysts - going out to 2025, and you can see them free on our platform here.

You can also see whether Assurant is carrying too much debt, and whether its balance sheet is healthy, for free on our platform here.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.