Definity Financial Corp reports results for the quarter ended June 30 - Earnings Summary

• Definity Financial Corp DFY reported quarterly adjusted earnings of 84 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 94 cents. The mean expectation of ten analysts for the quarter was for earnings of 75 cents per share. Wall Street expected results to range from 62 cents to 81 cents per share.

• Revenue rose 11.1% to C$1.16 billion from a year ago; analysts expected C$1.08 billion.

• Definity Financial Corp's reported EPS for the quarter was 64 cents​.

• The company reported quarterly net income of C$75.1 million.

• Definity Financial Corp shares had fallen by 5.1% this quarter and gained 28.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 2.8% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 3 "strong buy" or "buy," 8 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is "buy."

• Wall Street's median 12-month price target for Definity Financial Corp is C$80.00, about 6.7% above its last closing price of C$74.65

This summary was machine generated from LSEG data July 31 at 11:08 p.m. UTC. ​All figures in Canadian 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)