EVEREST RE GROUP LTD (RE) Forecast, Price Target & Analyst Ratings

NYSE:RE • BMG3223R1088

Current stock price

351.28 USD
+10 (+2.93%)
At close:
351.28 USD
0 (0%)
After Hours:

Analyst forecast overview

View the latest analyst price targets, stock forecast, EPS estimates, revenue projections, revisions, full estimates, rating distribution and upgrades/downgrades for EVEREST RE GROUP LTD (RE).

Forecast Snapshot

Consensus Price Target

Price Target
$440.87
+ 25.50% Upside
→ Price target details

Next Earnings Forecast

Earnings Estimate
Release Date
Jul 26, 2023
Period
Q2 / 2023
EPS Estimate
$11.76
Revenue Estimate
3.437B
→ Full earnings forecast details

ChartMill Buy Consensus

Rating
84.21%
Weighted Analyst Rating Score
→ Analyst Ratings details

Price Target Details & History

Consensus Price Target and Range

Mean target
$440.87
Upside
+ 25.50%
From current price of $351.28 to mean target of $440.87, Based on 19 analyst forecasts
Low
$398.95
Median
$437.58
High
$500.85

Price Target Revisions

1 Month
-0.64%
3 Months
2.77%

Price Target Summary

19 Wall Street analysts provided a forecast for the next 12 months for RE. The average price target is 440.87 USD. This implies a price increase of 25.5% is expected in the next year compared to the current price of 351.28.
The average price target has been revised upward by 2.77% in the past 3 months.
→ Find peer stocks trading 30% below analyst price target

Analyst Ratings & History

Current Analyst Ratings

RE Current Analyst RatingRE Current Analyst Buy, Sell and Hold Ratings.Current Analyst Rating Strong Buy Buy Hold Sell Strong Sell 2 4 6 8

Analyst Ratings History

RE Historical Analyst RatingsRE Historical Analyst Buy, Sell and Hold Ratings and number of analysts.Historical Monthly Analyst Rating -19 -17 -15 -13 -11 -9 -7 -5 -3 -1 5 10 15

Analyst Ratings Consensus

ChartMill Buy Consensus
84.21%
RE was analyzed by 19 analysts. The buy percentage consensus is at 84. So analysts seem to be very confident about RE.
In the previous month the buy percentage consensus was at a similar level.
RE was analyzed by 19 analysts, which should be a sufficient number of analysts to have a meaningful average consensus rating.
→ Find peer stocks with a buy consensus above 85%

Recent Upgrades & Downgrades

DateFirmActionFrom → To
2023-07-07Raymond JamesUpgrade Outperform -> Strong Buy
2023-06-22CitigroupInitiate Buy
2023-06-21CitigroupInitiate Buy
2023-06-20Morgan StanleyInitiate Overweight
2023-06-06Wells FargoMaintains Overweight -> Overweight
2023-05-10Keefe, Bruyette & WoodsMaintains Outperform -> Outperform
2023-05-03Wells FargoMaintains Overweight
2023-04-10JefferiesMaintains Buy
2023-02-13Raymond JamesMaintains Outperform
2023-02-10Wells FargoMaintains Overweight
2023-02-02Raymond JamesInitiate Outperform
2023-01-20BMO CapitalInitiate Market Perform
2023-01-18Wells FargoMaintains Overweight
2022-11-29Wells FargoMaintains Overweight
2022-11-22Morgan StanleyMaintains Overweight
2022-11-09Morgan StanleyDowngrade Overweight -> Equal-Weight
2022-10-28Wells FargoMaintains Overweight
2022-10-12Wells FargoMaintains Overweight
2022-08-19Morgan StanleyMaintains Overweight
2022-07-12JefferiesMaintains Buy
2022-02-15Morgan StanleyMaintains Overweight
2022-01-14Morgan StanleyMaintains Overweight
2021-11-19JefferiesInitiate Buy
2021-10-15Morgan StanleyMaintains Overweight
2021-08-17Wolfe ResearchInitiate Outperform

Next Earnings Forecast Details

Next Earnings Details

Release Date
Jul 26, 2023
Period
Q2 / 2023
EPS Estimate
$11.76
Revenue Estimate
3.437B
Revenue Q2Q
13.67%
EPS Q2Q
20.08%
Number of Analysts
14

Next Earnings Revisions

Revenue (1 Month)
0.00%
Revenue (3 Months)
1.45%
EPS (1 Month)
0.36%
EPS (3 Months)
-7.87%

Next Earnings Summary

RE is expected to report earnings on 7/26/2023. The consensus EPS estimate for the next earnings is 11.76 USD and the consensus revenue estimate is 3.44B USD.
The next earnings revenue estimate has been revised upward by 1.45% in the past 3 months.
→ Find peers expecting at least 20% revenue growth next quarter

Full Analyst Estimates

Yearly Earnings Per Share (EPS), Revenue, EBIT, EBITDA and Operating Margin Analyst Estimates

2020 2021 2022 2023 2024 2025
Revenue
YoY % growth
RE revenue by date.RE revenue by date.
9.598B
16.31%		11.866B
23.63%		12.52B
5.51%		13.711B
9.51%		14.767B
7.70%		15.831B
7.21%
EBITDA
YoY % growth
RE ebitda by date.RE ebitda by date.
N/AN/AN/AN/AN/AN/A
EBIT
YoY % growth
RE ebit by date.RE ebit by date.
1.133B
-1.63%		1.616B
42.64%		1.149B
-28.89%		2.143B
86.51%		2.37B
10.59%		2.741B
15.65%
Operating Margin
RE operating margin by date.RE operating margin by date.
11.80%13.62%9.18%15.63%16.05%17.31%
EPS
YoY % growth
RE eps by date.RE eps by date.
7.40
-65.34%		28.90
290.54%		27.03
-6.47%		47.98
77.49%		56.71
18.21%		67.15
18.40%

All data in USD

Quarterly Earnings Per Share (EPS), Revenue, EBIT and EBITDA Analyst Estimates

Q2 / 23 Q3 / 23 Q4 / 23 Q1 / 24 Q2 / 24 Q3 / 24 Q4 / 24 Q1 / 25 Q2 / 25 Q3 / 25 Q4 / 25
EPS
Q2Q % growth		11.76
20.08%		7.96
250.73%		14.54
19.08%		15.97
41.17%		16.22
38.00%		9.99
25.56%		18.34
26.17%		20.79
30.20%		19.86
22.43%		12.46
24.64%		20.67
12.68%
Revenue
Q2Q % growth		3.437B
13.67%		3.642B
13.49%		3.788B
16.45%		4.051B
23.43%		4.167B
21.24%		4.272B
17.30%		4.197B
10.80%		4.645B
14.66%		4.763B
14.30%		4.91B
14.93%		4.69B
11.75%
EBITDA
Q2Q % growth		N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
EBIT
Q2Q % growth		N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A

All data in USD

Yearly Earnings Per Share (EPS) and Revenue Trends vs Historical Data

RE Yearly Revenue VS EstimatesRE Yearly Revenue VS EstimatesYearly Revenue VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 5B 10B 15B
RE Yearly EPS VS EstimatesRE Yearly EPS VS EstimatesYearly EPS VS Estimates 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 20 40 60

Long Term Forward Growth Forecast Summary

Long Term EPS Growth (CAGR)

EPS Next 3 Year
35.43%
EPS Next 5 Year
N/A

Long Term Revenue Growth (CAGR)

Revenue Next 3 Year
8.64%
Revenue Next 5 Year
N/A

Long Term EBIT Growth (CAGR)

EBIT Next 3 Year
N/A
EBIT Next 5 Year
N/A
→ Find peers expecting at least 20% CAGR revenue growth over the next 3 years

EVEREST RE GROUP LTD / RE Forecast FAQ

Can you provide the average price target for EVEREST RE GROUP LTD stock?

19 analysts have analysed RE and the average price target is 440.87 USD. This implies a price increase of 25.5% is expected in the next year compared to the current price of 351.28.

When does EVEREST RE GROUP LTD (RE) report earnings?

EVEREST RE GROUP LTD (RE) will report earnings on 2023-07-26, after the market close.

Can you provide the consensus estimates for EVEREST RE GROUP LTD next earnings?

The consensus EPS estimate for the next earnings of EVEREST RE GROUP LTD (RE) is 11.76 USD and the consensus revenue estimate is 3.44B USD.

What is the number of analysts for RE stock?

The number of analysts covering EVEREST RE GROUP LTD (RE) is 19.