W. R. Berkley Corporation (WRB) earnings on July 20, 2026
More W. R. Berkley Corporation earnings
Prior outlook: Pessimistic Outcome: Partial
The stock jumped as much as 3% during the day after earnings, but ended lower despite analysts raising their price targets.
WRB price around the earnings
72.16
Change: -0.8%
2026-07-21, 20:00 UTC
- Price: green if it ends above the starting price; red if it ends below
- Start of the measured window
- End of the measured window
- Market open
- No trading (market closed)
- Starting price
Prior thesis
Prior outlook: Pessimistic Outcome: Partial
- Thesis published
- Results released
Analysts pessimistic, trend strength positive — risk dominates
Analysts are uniformly negative on this stock, citing a downside target of about 6% despite strong recent trend strength and a history of beating earnings expectations. The extreme retail crowding into this name creates additional risk in a scenario where professional analysts see limited upside.
Context analyzed before publication
- Summary
- Analysts pessimistic, trend strength positive — risk dominates
- Playbook
- The stock shows positive 30-day trend strength around 10%, but every analyst covering it has a downside target. Retail investors have piled in heavily, creating a crowded setup that professionals view skeptically.
- Trend
- Slight improvement but remains deeply negative
Analysts
Drivers
-
Analysts
Negative
All three major analysts (Bank of America, Evercore, Wells Fargo) recommend selling or reducing positions, with a price target about 5.9% below current levels.
Evidence
- Analyst consensus
- Hold
- Consensus average (1-5)
- 3.39
- Analysts covering the stock
- 17
- Average price target
- 68.29
- Lowest price target
- 51
- Highest price target
- 78
- Upside to price target
- -5.9%
- Quarterly earnings growth
- 23.4%
- Revenue growth
- 4%
- Forward EPS
- 4.79
- Trailing EPS
- 4.72
- Analyst moves in the last 60 days
- 10
- July 16, 2026 · B of A Securities: Downgrades rating (Neutral → Underperform)
- July 10, 2026 · Evercore ISI Group: Maintains rating (Underperform → Underperform)
- July 9, 2026 · Wells Fargo: Maintains rating (Underweight → Underweight)
- July 9, 2026 · Cantor Fitzgerald: Maintains rating (Neutral → Neutral)
- July 9, 2026 · Mizuho: Maintains rating (Neutral → Neutral)
- July 8, 2026 · Keefe, Bruyette & Woods: Maintains rating (Market Perform → Market Perform)
- July 6, 2026 · Morgan Stanley: Maintains rating (Equal-Weight → Equal-Weight)
- June 12, 2026 · Barclays: Maintains rating (Underweight → Underweight)
- June 8, 2026 · Goldman Sachs: Upgrades rating (Neutral → Buy)
- June 8, 2026 · Wells Fargo: Downgrades rating (Equal-Weight → Underweight)
News and sentiment
Evidence
Sentiment
- Sentiment
- Constructive
- Mention volume
- Low
- Normalized volume
- 33%
News
Sources (9)
- Domino's, Steel Dynamics And 3 Stocks To Watch Heading Into Monday (opens in a new tab) — Benzinga
- Top Wall Street Forecasters Revamp WR Berkley Expectations Ahead Of Q2 Earnings (opens in a new tab) — Benzinga
- B of A Securities Downgrades WR Berkley to Underperform, Lowers Price Target to $68 (opens in a new tab) — Benzinga
- Evercore ISI Group Maintains Underperform on WR Berkley, Raises Price Target to $68 (opens in a new tab) — Benzinga
- Wells Fargo Maintains Underweight on WR Berkley, Raises Price Target to $67 (opens in a new tab) — Benzinga
- Cantor Fitzgerald Maintains Neutral on WR Berkley, Raises Price Target to $74 (opens in a new tab) — Benzinga
- Mizuho Maintains Neutral on WR Berkley, Raises Price Target to $72 (opens in a new tab) — Benzinga
- Keefe, Bruyette & Woods Maintains Market Perform on WR Berkley, Raises Price Target to $69 (opens in a new tab) — Benzinga
- Morgan Stanley Maintains Equal-Weight on WR Berkley, Raises Price Target to $75 (opens in a new tab) — Benzinga
Technicals
Drivers
-
Technical
Positive
The stock has gained nearly 10% over the past month, market review near its recent highs, but the scenario points pessimistic given the overall setup.
Evidence
- Average true range (ATR)
- 2.3%
- Distance to 52-week high
- -5.0%
- 14-day change (14d)
- +0.5%
- 30-day change (30d)
- +9.7%
- 30-day relative strength
- +9.7%
- Benchmark change (0d)
- +0.0%
- Nearest support
- 71.58
- Nearest resistance
- 71.91
- Volume accumulation ratio (14d / 46d)
- 0.94
Trends
Evidence
- Average earnings surprise
- +4.2%
- April 21, 2026: actual EPS 1.3 vs estimate 1.14 (surprise +14.1%)
- January 26, 2026: actual EPS 1.13 vs estimate 1.12 (surprise +0.5%)
- October 20, 2025: actual EPS 1.1 vs estimate 1.1 (surprise -0.3%)
- July 21, 2025: actual EPS 1.05 vs estimate 1.02 (surprise +2.5%)
Expected move
Drivers
-
Past earnings
Positive
The company has beaten earnings expectations 75% of the time, with an average surprise of over 4%.
There is no implied-move data available for this event.
Reactions over its last 20 earnings
- Median move
- 3.1%
- 75th percentile move
- 4.8%
- 90th percentile move
- 6.2%
- Up / down moves
- 11 / 9
- Average up move
- +3.2%
- Average down move
- -3.4%
Monitoring and close
What W. R. Berkley Corporation reported
- Status
- Finished
| Actual EPS | 1.27 |
|---|---|
| EPS estimate | 1.08 |
| EPS surprise | +17.6% |
| Revenue | $3,716 million |
| Revenue estimate | $3,759 million |
| Revenue surprise | -1.1% |
W.R. Berkley reported Q2 2026 adjusted EPS of $1.27, beating estimates by 17.3%. Revenue of $3.72B slightly missed expectations, but operating earnings beat forecasts by 15.4% driven by record net investment income.
Sources (8)
- W.R. Berkley Q2 Earnings Call Highlights (opens in a new tab) — MarketBeat
- W.R. Berkley (WRB) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates (opens in a new tab) — Zacks
- W.R. Berkley (WRB) Surpasses Q2 Earnings and Revenue Estimates (opens in a new tab) — Zacks
- WR Berkley Corp (NYSE:WRB) Reports Mixed Q2 Results as Earnings Beat Outweighs Slight Revenue Miss (opens in a new tab) — ChartMill
- W. R. Berkley (NYSE:WRB) Misses Q2 CY2026 Revenue Estimates (opens in a new tab) — StockStory
- WR Berkley Q2 Adj. EPS $1.27 Beats $1.08 Estimate, Sales $3.716B Miss $3.759B Estimate (opens in a new tab) — Benzinga
- W. R. Berkley Corporation Reports Second Quarter 2026 Results (opens in a new tab) — Yahoo
- Earnings per share: $1.27 vs $1.10 expected — above expectations. Revenue: $3.77B vs $3.80B expected. — Finnhub
Pre-market second reading after the results
Heading into the open, the figures confirm the pessimistic scenario. In the 940 past cases with a similar move, the close held that direction 72% of the time.
How the stock reacted
- Outcome
- Partial
- Consolidated
- -0.8%
- Max favorable move (MFE)
- 2.4%
- Max adverse move (MAE)
- 2.8%