Enstar Historical Income Statement
ESGR Stock | USD 325.35 0.45 0.14% |
Historical analysis of Enstar Group income statement accounts such as Total Revenue of 1.2 B or Gross Profit of 1.5 B can show how well Enstar Group Limited performed in making a profits. Evaluating Enstar Group income statement over time to spot trends is a great complementary tool to traditional technical analysis and can indicate the direction of Enstar Group's future profits or losses.
Financial Statement Analysis is much more than just reviewing and examining Enstar Group Limited latest accounting reports to predict its past. Macroaxis encourages investors to analyze financial statements over time for various trends across multiple indicators and accounts to determine whether Enstar Group Limited is a good buy for the upcoming year.
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About Enstar Income Statement Analysis
Enstar Group Limited Income Statement consists of revenues and expenses along with the resulting net income or loss. It represents the profit for the accounting period attributable to Enstar Group shareholders. The income statement also shows Enstar investors and management if the firm made money during the period reported. The result of an income statement is the net income that is calculated after subtracting the expenses from revenue. It is essential to investors both as an absolute measure as well as earnings per share (i.e., EPS).
Enstar Group Income Statement Chart
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Other Operating Expenses
Other Operating Expenses is the expense which generally does not depend on sales or production quantities of Enstar Group Limited. It is also known as Enstar Group overhead expenses. Typically these expenses include marketing, rent and utilities, office, leases, and other overhead cost. Expenses incurred from non-core business activities, including administrative and general expenses, but excluding costs directly related to production.Income Before Tax
Income Before Tax which can also be referred as pre-tax income is reported on Enstar Group income statement and is an important metric when analyzing Enstar Group Limited profitability. Accounting techniques because taxes can be complex, and not perfectly consistent from one company to company, an analyst may use pre-tax income as a more stable measure of profitability.Most accounts from Enstar Group's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Enstar Group Limited current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Investing Opportunities to better understand how to build diversified portfolios, which includes a position in Enstar Group Limited. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price. At this time, Enstar Group's Total Operating Expenses is relatively stable compared to the past year. As of 11/28/2024, Income Before Tax is likely to grow to about 1 B, though Income Tax Expense is likely to grow to (237.5 M).
2021 | 2023 | 2024 (projected) | Interest Expense | 68M | 90M | 94.5M | Depreciation And Amortization | 129M | 113M | 118.7M |
Enstar Group income statement Correlations
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Enstar Group Account Relationship Matchups
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Enstar Group income statement Accounts
2019 | 2020 | 2021 | 2022 | 2023 | 2024 (projected) | ||
Depreciation And Amortization | 33.3M | 35.6M | 59M | 129M | 113M | 118.7M | |
Interest Expense | 51.6M | 58.0M | 68M | 89M | 90M | 94.5M | |
Total Revenue | 2.5B | 2.5B | 864M | (1.1B) | 1.2B | 1.2B | |
Gross Profit | 2.5B | 2.5B | 864M | (1.1B) | 1.4B | 1.5B | |
Other Operating Expenses | 1.7B | 1.0B | 264M | 195M | 96M | 91.2M | |
Operating Income | 905.4M | 1.8B | 500M | (789M) | 770M | 808.5M | |
Ebit | 905.4M | 1.6B | 556M | (794M) | 1.0B | 1.1B | |
Ebitda | 940.9M | 1.6B | 685M | (665M) | 1.2B | 1.2B | |
Total Operating Expenses | (1.6B) | (764.1M) | (364M) | 289M | 1.4B | 1.5B | |
Income Before Tax | 876.7M | 1.5B | 422M | (883M) | 955M | 1.0B | |
Total Other Income Expense Net | (28.6M) | 167M | 109M | (74M) | 185M | 194.3M | |
Net Income | 938.1M | 1.8B | 538M | (871M) | 1.1B | 1.2B | |
Income Tax Expense | 4.4M | 23.8M | 27M | (12M) | (250M) | (237.5M) | |
Selling General Administrative | 473.1M | 501.5M | 367M | 331M | 369M | 221.4M | |
Cost Of Revenue | 294.5M | 647.8M | 1.2B | 1.1B | (276M) | (262.2M) | |
Net Income Applicable To Common Shares | 902.2M | 1.7B | 473M | (906M) | (1.0B) | (989.8M) | |
Minority Interest | (9.9M) | (27.7M) | 15M | (75M) | (98M) | (93.1M) | |
Net Income From Continuing Ops | 928.2M | 1.7B | 488M | (945M) | 844M | 886.2M | |
Tax Provision | 4.4M | 23.8M | 27M | (12M) | (28M) | (26.6M) | |
Net Interest Income | (52.5M) | (59.3M) | (69M) | (95M) | (91M) | (86.5M) | |
Reconciled Depreciation | 35.6M | 59.6M | 74M | 49M | 10M | 9.5M | |
Non Operating Income Net Other | 55.9M | 238.6M | 93M | (74M) | (66.6M) | (63.3M) |
Pair Trading with Enstar Group
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Enstar Group position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Enstar Group will appreciate offsetting losses from the drop in the long position's value.Moving together with Enstar Stock
Moving against Enstar Stock
0.64 | EQH-PC | Equitable Holdings | PairCorr |
0.61 | EQH-PA | Equitable Holdings | PairCorr |
0.46 | ACGL | Arch Capital Group | PairCorr |
0.35 | ACGLO | Arch Capital Group | PairCorr |
The ability to find closely correlated positions to Enstar Group could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Enstar Group when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Enstar Group - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Enstar Group Limited to buy it.
The correlation of Enstar Group is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Enstar Group moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Enstar Group Limited moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Enstar Group can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Additional Tools for Enstar Stock Analysis
When running Enstar Group's price analysis, check to measure Enstar Group's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Enstar Group is operating at the current time. Most of Enstar Group's value examination focuses on studying past and present price action to predict the probability of Enstar Group's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Enstar Group's price. Additionally, you may evaluate how the addition of Enstar Group to your portfolios can decrease your overall portfolio volatility.