Greenlight Capital Re Ltd - Class A logo

GLRE

Greenlight Capital Re Ltd - Class A

$7.84

Earnings Summary

Revenue
$17.16Mn
Net Profits
$9.34Mn
Net Profit Margins
54.45%
PE Ratio
14.96

Highlights

Revenue:

Greenlight Capital Re Ltd - Class A’s revenue fell -87.43% since last year same period to $17.16Mn in the Q2 2022. On a quarterly growth basis, Greenlight Capital Re Ltd - Class A has generated -86.7% fall in its revenue since last 3-months.

Net Profits:

Greenlight Capital Re Ltd - Class A’s net profit jumped 1387.58% since last year same period to $9.34Mn in the Q2 2022. On a quarterly growth basis, Greenlight Capital Re Ltd - Class A has generated 263.12% jump in its net profits since last 3-months.

Net Profit Margins:

Greenlight Capital Re Ltd - Class A’s net profit margin jumped 11737.95% since last year same period to 54.45% in the Q2 2022. On a quarterly growth basis, Greenlight Capital Re Ltd - Class A has generated 1326.1% jump in its net profit margins since last 3-months.

PE Ratio:

Greenlight Capital Re Ltd - Class A’s price-to-earnings ratio after this Q2 2022 earnings stands at 14.96.

Earnings per share (EPS) Estimates

Earnings per share (EPS) estimates of the Greenlight Capital Re Ltd - Class A post its latest quarter earnings

EPS Estimate Current Quarter
0.45
EPS Estimate Current Year
0.45

Highlights

EPS Estimate Current Quarter:

Greenlight Capital Re Ltd - Class A’s earning per share (EPS) estimates for the current quarter stand at 0.45 - a 80% jump from last quarter’s estimates.

EPS Estimate Current Year:

Greenlight Capital Re Ltd - Class A’s earning per share (EPS) estimates for the current year stand at 0.45.

Key Ratios

Key ratios of the Greenlight Capital Re Ltd - Class A post its Q2 2022 earnings

Earning Per Share (EPS)
0.37
Return on Assets (ROA)
0.02
Return on Equity (ROE)
0.04
Dividend Per Share (DPS)
0

Highlights

Earning Per Share (EPS):

Greenlight Capital Re Ltd - Class A’s earning per share (EPS) jumped 1750% since last year same period to 0.37 in the Q2 2022. This indicates that the Greenlight Capital Re Ltd - Class A has generated 1750% annual rate of jump in its earning per share (EPS) in the last 4 quarters.

Return on Assets (ROA):

Return on assets (ROA) indicates the profitability of the company in relation to its total assets. This ratio tells the financial health of the company. The higher the ROA, the better the company’s financial health. If any company has a ROA in the range of 5% to 20% - it is generally considered good. ROA above 20% is generally considered excellent. Greenlight Capital Re Ltd - Class A’s return on assets (ROA) stands at 0.02.

Earning Per Share (EPS):

The Return On Equity ratio indicates a company’s ability to turn equity capital received from shareholders into profits. ROE highlights the efficiency of equity capital in running the business. Generally, a return on equity in double digits is considered good. Greenlight Capital Re Ltd - Class A’s return on equity (ROE) stands at 0.04.

Dividend Per Share (DPS):

Greenlight Capital Re Ltd - Class A declared 0 dividend per share during the earnings announcement for Q2 2022.

Earnings Calendar

Earnings DateEstimated EPSReported EPSSurprise %
2022-05-03
0.25
-0.17
-168%
2022-08-02
0.45
0.37
-17.78%

Company Information

Established in 2004, Greenlight Re is a NASDAQ listed company with specialist property and casualty reinsurance companies based in the Cayman Islands and Ireland. Greenlight Re provides risk management products and services to the insurance, reinsurance and other risk marketplaces. The Company focuses on delivering risk solutions to clients and brokers by whom Greenlight Re's expertise, analytics and customer service offerings are demanded. With an emphasis on deriving superior returns from both sides of the balance sheet, Greenlight Re manages its assets according to a value-oriented equity-focused strategy that supports the goal of long-term growth in book value per share.

Organisation
Greenlight Capital Re Ltd - Class A
Headquarters
Camana Bay P O Box 31110, Grand Cayman, Cayman Islands
Employees
35
Industry
Finance