Everest Re Group (NYSE:RE) reported its Q2 earnings results on Wednesday, July 27, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Everest Re Group beat estimated earnings by 39.46%, reporting an EPS of $9.79 versus an estimate of $7.02.
Heightened volatility and uncertainty in the stock market triggered by decades-high inflation, the Russia-Ukraine conflict and Fed's aggressive tightening policy have compelled investors to search for consistent income. In this regard, nothing is better than dividend investing.
If history is any guide, there may be trouble ahead for shares of Everest Re Group (NYSE:RE). A so-called "death cross" has formed on its chart and, not surprisingly, this could be bearish for the stock.