NYSE$STC

Stewart Information Services Corporation · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Stewart reported first quarter results with significant revenue and net income growth, driven by strong residential real estate transaction activity and strategic acquisitions.

Stewart Information Services Corporation reported a substantial increase in revenue and net income for Q1 2021. Operating revenues increased by 53% to $681.4 million, and net income rose to $54.2 million, a significant increase from $5.2 million in the prior year quarter. The company's performance was boosted by strong trends in residential real estate and contributions from international and ancillary services.

  • Operating revenues increased by 53% year-over-year, reaching $681.4 million.
  • Net income increased significantly to $54.2 million, compared to $5.2 million in the same quarter last year.
  • Diluted EPS increased to $2.01, up from $0.22 in the prior year quarter.
  • Title segment pretax margin improved to 12.2%, a substantial increase from 3.4% in the prior year quarter.

Headline financials

Total Revenue

$689M

Previous: $440M+56.5%
EPS (adj)

$1.92

Previous: $0.56+242.9%
Free Cash Flow

$54.2M

Previous: $5.18M+947.6%
Net Income

$54.2M

Previous: $5.18M+947.6%
Operating Income

$243M

Previous: $146M+67.0%
Gross Profit

$660M

Previous: $421M+56.6%
Cash & Equivalents

$413M

Previous: $294M+40.6%
Total Assets

$2.04B

Previous: $1.51B+35.5%
Stock-Based Comp

$3.17M

Previous: $887K+257.8%

Revenue & EPS history

Stewart · Revenue · Quarterly

$689M

Q1 2021+56.5%vs Q1 2020
Beat estimate in 10 of 15 quarters(67%)
ActualEstimate

Revenue by segment

Stewart · $625M total across 1 segment · Q1 2021

  • Title Segment
    $625M+42.0%

Forward guidance

No explicit forward guidance was provided in the transcript.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.6%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.9%

Avg return

30 days after

57%

37 / 65 earnings

Positive

+15.5%

Q3 2014

Best reaction

-13.5%

Q2 2017

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.9%+4.4%-1.0%
Q4 2025+2.9%+4.4%-2.7%
Q3 2025-4.4%-4.6%-0.9%
Q2 2025-1.2%-1.5%+3.9%
Q1 2025-1.9%-2.3%-9.0%
Q4 2024+3.9%+3.4%+4.8%
Q3 2024+5.1%+2.3%+9.8%
Q2 2024-2.0%-4.2%-1.0%
Q1 2024-3.1%-0.8%+1.4%
Q4 2023-1.3%+3.5%+1.2%
Q3 2023+7.8%+8.6%+16.1%
Q2 2023+1.8%+1.9%-3.9%
Q1 2023+3.1%+4.2%+12.5%
Q4 2022-12.1%-8.1%-22.1%
Q3 2022-6.7%-9.2%+1.6%
Q2 2022+4.1%+5.6%+3.1%
Q1 2022+1.2%+1.2%+9.9%
Q4 2021-4.2%-8.8%-10.8%
Q3 2021-1.3%+0.2%+7.0%
Q2 2021+2.6%+5.3%+6.7%
Q1 2021+1.5%+5.5%+7.8%
Q4 2020+3.1%+4.8%+5.6%
Q3 2020-7.4%-3.3%-2.0%
Q2 2020+4.2%+14.9%+14.1%
Q1 2020+5.4%+7.5%+8.3%
Q4 2019-3.3%-6.6%-10.3%
Q3 2019+2.7%+5.2%+9.4%
Q2 2019-0.8%+1.2%-8.1%
Q1 2019-2.8%-3.0%-2.3%
Q4 2018-1.3%-1.2%-2.2%
Q3 2018-1.6%+0.2%+0.0%
Q2 2018+3.3%+2.4%+2.4%
Q1 2018-0.2%-0.3%+2.6%
Q4 2017-6.2%-4.9%-5.5%
Q3 2017+1.3%+3.4%+5.4%
Q2 2017-13.5%-14.1%-21.2%
Q1 2017+1.5%+4.6%-2.0%
Q4 2016+0.8%+2.5%-1.9%
Q3 2016-2.7%+2.0%+1.4%
Q2 2016+2.0%+1.0%+7.5%
Q1 2016+1.9%
Q4 2015+3.8%
Q3 2015-0.0%
Q2 2015+1.9%
Q1 2015-3.5%
Q4 2014+2.3%
Q3 2014+15.5%
Q2 2014-0.2%
Q1 2014+2.5%
Q4 2013+10.7%
Q3 2013+2.2%
Q2 2013+0.8%
Q1 2013+1.8%
Q2 2012+3.4%
Q4 2012+3.4%
Q3 2012+1.7%
Q1 2012-1.1%
Q4 2011+3.9%
Q2 2011+3.9%
Q3 2011+1.2%
Q4 2010-2.5%
Q1 2011-0.1%
Q3 2010-0.9%
Q2 2010+8.1%
Q1 2010-4.4%

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