James River Group Q4 EPS Misses by 3.2% as Revenue Falls 5.1% Short
James River Group posted adjusted Q4 EPS of $0.30, undershooting the $0.31 consensus by 3.2%, while revenue of $167.75 million missed estimates by 5.1%. Net income reached $32.1 million, and shares have climbed 10.1% year-to-date despite four straight revenue shortfalls.
1. Q4 Earnings Miss and Revenue Shortfall
James River Group reported adjusted Q4 EPS of $0.30, missing the $0.31 consensus by 3.2%, and generated revenue of $167.75 million, 5.1% below expectations. Net income was $32.1 million, or $0.53 per share before adjustments.
2. Recent Performance Trends
Revenue of $167.75 million rose from $126.71 million a year ago, but marked a fourth consecutive quarterly revenue estimate miss. The company delivered EPS surprises in two of the last four quarters, including a 23.1% positive surprise in the prior period.
3. Share Movement and Forward Estimates
Shares have gained approximately 10.1% year-to-date versus a 0.5% rise in the S&P 500. Consensus for the coming quarter stands at $0.32 EPS on $177.4 million revenue, with full-year estimates of $1.25 EPS on $715 million revenue.