Stewart Reports Third Quarter 2020 Results

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Go back to Stewart Reports Third Quarter 2020 Results

Stewart Information Services (STC) Tops Q3 EPS by 78c, Revenues Beat

October 21, 2020 4:23 PM EDT

Stewart Information Services (NYSE: STC) reported Q3 EPS of $2.21, $0.78 better than the analyst estimate of $1.43. Revenue for the quarter came in at $590.7 million versus the consensus estimate of $549.85 million.

"In the third quarter, Stewart continued to benefit from a robust real estate transaction environment, as low interest rates continued to impact refinancing activity while purchase orders strengthened," commented Fred Eppinger, chief executive officer. "Together, they helped both our direct and agency operations outperform 2019 revenue levels. In addition, Stewart's more disciplined and focused operating approach... More