Home Earnings Preview American Financial Group, Inc. ($AFG) 3Q20 Earnings Sneak Preview

American Financial Group, Inc. ($AFG) 3Q20 Earnings Sneak Preview

American Financial Group, Inc. (NYSE:AFG) is expected to report third quarter earnings results, after market close, on Wednesday 28th October 2020.

Analysts polled by Thomson Reuters anticipate third quarter income of $ 1.71 per share.

Looking ahead, the full year income are expected at $ 6.97 per share on the revenues of $ 4756.00 million.

The Company Outlook

Full Year 2020 bottomline are predicted in a range of $ 6.60 ~ $ 7.40 per share

Click Here For More Historical Outlooks Of American Financial Group, Inc.

Previous Quarter Performance

American Financial Group, Inc. unveiled income for the second quarter of $ 1.05 per share, from the revenue of $ 1,184.00 million. The quarterly earnings decreased 50.47 percent while revenues fell 1.33 percent compared with the same quarter last year.
Wall street analysts are predicting, AFG to report 2Q20 income of $ 1.44 per share from revenue of $ 1301.00 million. The bottom line results missed street analysts by $ 0.39 or 27.08 percent, at the same time, top line results fell short of analysts by $ 117 million or 8.99 percent.

Stock Performance

Shares of American Financial Group, Inc. traded up $ 0.84 or 1.15 percent on Tuesday, reaching $ 74.00 with volume of 628.50 thousand shares. American Financial Group, Inc. has traded high as $ 76.00 and has cracked $ 73.12 on the downward trend

According to the previous trading day, closing price of $ 74.00, representing a 66.23 % increase from the 52 week low of $ 44.01 and a 36.4 % decrease over the 52 week high of $ 115.03.

The company has a market capital of $ 6.55 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.

Recent Analyst recommendations

  • On 30th September 2020, initiated by Credit Suisse Group at Outperform rating, with $ 95.00 target price.

American Financial Group, Inc., an insurance holding company, provides property and casualty insurance products in the United States. The company operates through three segments: Property and Casualty Insurance, Annuity, and Other. It offers property and transportation insurance products, such as physical damage and liability coverage for buses, trucks and recreational vehicles, inland and ocean marine, agricultural-related products, and other property; specialty casualty insurance, including primarily excess and surplus, general liability, executive liability, professional liability, umbrella and excess liability, and specialty coverage in targeted markets, as well as customized programs for small to mid-sized businesses and workers compensation insurance; and specialty financial insurance products comprising risk management insurance programs for leasing and financing institutions, surety and fidelity products, and trade credit insurance.