* American International Group Inc reported quarterly adjusted earnings of $1.23 per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.61. The mean expectation of sixteen analysts for the quarter was for earnings of $1.10 per share. Wall Street expected results to range from 90 cents to $1.28 per share.
* Revenue fell 47.2% to $6.75 billion from a year ago; analysts expected $6.69 billion.
* American International Group Inc's reported EPS for the quarter was 71 cents.
* The company reported quarterly net income of $459 million.
* American International Group Inc shares had risen by 4.2% this quarter and gained 12.7% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 17.6% in the last three months.
* In the last 30 days, thirteen analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 12 "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the property & casualty insurance peer group is also "buy"
Wall Street's median 12-month price target for American International Group Inc is 85.50 This summary was machine generated from LSEG data November 5 at 07:53 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 1.10 1.23 Beat
Jun. 30 2024 1.30 1.16 Missed
Mar. 31 2024 1.65 1.77 Beat
Dec. 31 2023 1.64 1.79 Beat
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