Scor (OTCMKTS:SCRYY) Shares Gap Up Following Strong Earnings

Scor SE (OTCMKTS:SCRYY)’s share price gapped up prior to trading on Thursday following a better than expected earnings announcement. The stock had previously closed at $3.39, but opened at $3.55. Scor shares last traded at $3.4850, with a volume of 5,475 shares changing hands.

The financial services provider reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.01. The company had revenue of $5.28 billion during the quarter, compared to the consensus estimate of $3.83 billion. Scor had a net margin of 5.55% and a return on equity of 20.42%.

Wall Street Analysts Forecast Growth

SCRYY has been the subject of several recent research reports. The Goldman Sachs Group cut Scor from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 21st. BNP Paribas Exane raised shares of Scor from a “neutral” rating to an “outperform” rating in a research note on Monday, January 12th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy”.

Scor Price Performance

The firm has a fifty day simple moving average of $3.36 and a 200 day simple moving average of $3.32. The company has a market capitalization of $6.17 billion, a price-to-earnings ratio of 6.36 and a beta of 0.55.

About Scor

SCOR SE, trading over-the-counter as SCRYY, is a leading global reinsurer headquartered in Paris, France. Founded in 1970, the company specializes in providing property & casualty and life & health reinsurance solutions to insurance companies worldwide. By pooling and diversifying risk, SCOR enables its clients to underwrite larger exposures, stabilize loss experience and safeguard their balance sheets against extreme events.

The company’s main business activities encompass risk underwriting, claims management and portfolio solutions designed to address evolving market needs.