Stewart Information Services (STC) Tops Q1 EPS by 68c, Revenues Beat

Stewart Information Services (NYSE: STC) reported Q1 EPS of $0.56, $0.68 better than the analyst estimate of ($0.12). Revenue for the quarter came in at $439.9 million versus the consensus estimate of $436.45 million.

"While I am pleased with our performance this quarter, as Stewart delivered one of its strongest first quarter performances in its history, the greater measure of our accomplishment is what has been done since the middle of March to support our customers, employees and the real estate markets," commented Fred Eppinger, chief executive officer. "We have been working tirelessly to protect the health and safety of our employees and customers, while rapidly and creatively using all available tools to continue providing leadership in the operations of real estate markets including helping people purchase homes and refinance mortgages. We will continue to carefully monitor the impact of the COVID-19 pandemic on our industry and economy as we provide our customers with the necessary services that are called for in its wake. I remain very optimistic that with our exceptional associates, customer-centric philosophy, and solid balance sheet, Stewart will emerge from this challenging period as a strong, premier provider in title services."

For earnings history and earnings-related data on Stewart Information Services (STC) click here.

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