Muench. Rueckvers. (DE:MUVGn) reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Muench. Rueckvers. announced earnings per share of €1.57 on revenue of €12.90B. Analysts polled by anticipated EPS of €2.98 on revenue of €13.42B. That with comparison to EPS of €4.35 on revenue of €13.38B in the same period a year before. Muench. Rueckvers. had reported EPS of €1.52 on revenue of €12.54B in the previous quarter. Analysts are expecting EPS of €5.15 and revenue of €12.48B in the upcoming quarter.
Muench. Rueckvers. shares are down 34% from the beginning of the year , still down 31.60% from its 52 week high of €284.20 set on February 17. They are under-performing the STOXX 600 which is down 18.85% year to date.
Muench. Rueckvers. follows other major Financial sector earnings this month
Muench. Rueckvers.'s report follows an earnings beat by Deutsche Boerse on April 30, who reported EPS of €2.11 on revenue of €914.8M, compared to forecasts EPS of €2.09 on revenue of €887.69M.
Hannover Rueckversicherung SE had beat expectations on Wednesday with first quarter EPS of €2.49 on revenue of €6.98B, compared to forecast for EPS of €2.41 on revenue of €6.84B.
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