NYSE$STC

Stewart Information Services Corporation · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported net income attributable to Stewart.

Stewart Information Services Corporation reported net income of $8.8 million ($0.32 per diluted share) for Q4 2023, compared to $13.3 million ($0.49 per diluted share) for Q4 2022. Adjusted net income for Q4 2023 was $16.6 million ($0.60 per diluted share) compared to $22.9 million ($0.84 per diluted share) in Q4 2022.

  • Net income attributable to Stewart was $8.8 million ($0.32 per diluted share).
  • Adjusted net income was $16.6 million ($0.60 per diluted share).
  • Title segment operating revenues decreased by 14% due to transaction volume declines.
  • Real Estate Solutions segment operating revenues improved by 12% due to increased credit information services revenues.

Headline financials

Total Revenue

$582M

Previous: $656M-11.2%
EPS (adj)

$0.60

Previous: $0.60+0.0%
Net Income

$8.8M

Previous: $13.3M-33.9%
Operating Income

$18.8M

Previous: $20.8M-9.4%
Gross Profit

$381B

Previous: $7.89M+4825631.8%
Stock-Based Comp

$610K

Previous: $3.04M-80.0%

Revenue & EPS history

Stewart · Revenue · Quarterly

$582M

Q4 2023-11.2%vs Q4 2022
Beat estimate in 9 of 14 quarters(64%)
ActualEstimate

Revenue by segment

Stewart · $524M total across 2 segments · Q1 2023

  • Title Segment
    $462M
  • Real Estate Solutions Segment
    $62.6M-29.9%

Forward guidance

Higher interest rates will negatively impact real estate transaction volume in the first half of 2024.

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 Q4 2023

Historical avgQ4 2023

+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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