Third Point Reinsurance Ltd. (NYSE:TPRE) is reporting third quarter financial results on Thursday 5th November 2020, after market close.
According to analysts surveyed by Thomson Reuters, TPRE is expected to report 3Q20 income of $ 0.90 per share from revenue of $ 41.30 million.
For the full year, analysts anticipate top line of $ 590.75 million, while looking forward to income of $ 0.40 per share bottom line.
Previous Quarter Performance
Third Point Reinsurance Ltd. disclosed income for the second quarter of $ 1.33 per share, from the revenue of $ 140.81 million. According to street consensus, TPRE was expected to report 2Q20 income of $ 1.20 per share from revenue of $ 93.20 million. The bottom line results beat street analysts by $ 0.13 or 10.83 percent, at the same time, top line results outshined analysts by $ 47.61 million or 51.08 percent.
Stock Performance
Shares of Third Point Reinsurance Ltd. traded low $ -0.16 or -1.95 percent on Wednesday, reaching $ 8.05 with volume of 232.20 thousand shares. Third Point Reinsurance Ltd. has traded high as $ 8.17 and has cracked $ 7.96 on the downward trend
The closing price of $ 8.05, representing a 45.57 % increase from the 52 week low of $ 5.64 and a 28.73 % decrease over the 52 week high of $ 11.52.
The company has a market capital of $ 769.01 million and is part of the Financial Services sector and Insurance – Reinsurance industry.
Third Point Reinsurance Ltd., through its subsidiaries, provides specialty property and casualty reinsurance products to insurance and reinsurance companies worldwide. It underwrites homeowners and commercial, workers compensation, personal automobile, mortgage, and multi-line reinsurance products; professional, transactional, and general liability reinsurance products; and marine, travel, and extended warranty reinsurance products. The company was incorporated in 2011 and is based in Pembroke, Bermuda.
