GLRE stock reports a Q2 loss as analysts cut ratings

Published on 10/05/2026 at 23:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GLRE stock posted a USD 0.89 EPS loss in Q2 2026 against a USD 0.35 consensus loss. Revenue reached USD 137.46 million, while Nasdaq trading stood at USD 14.81 on October 5, 2026.

GLRE, KYG4095J1094, Illustration mit AI erstellt.

Greenlight Capital Re (ISIN KYG4095J1094) reported a Q2 2026 loss of USD 0.89 per share, while revenue reached USD 137.46 million, according to MarketBeat. On October 3, 2026, Wall Street Zen cut its rating from Hold to Sell, giving the stock a fresh analyst-driven catalyst.

Q2 revenue misses by USD 27.85 million

The revenue figure was USD 27.85 million below the USD 165.31 million consensus cited by MarketBeat. The EPS loss also exceeded the expected USD 0.35 loss by USD 0.54 per share, making the earnings miss more pronounced than the headline revenue comparison alone suggests.

The latest quarter covered the three months ended June 30, 2026. Greenlight Capital Re's standardized financial data show quarterly revenue of USD 137.456 million, consolidated net income of negative USD 29.280 million and diluted EPS of negative USD 0.89 for that period.

Analysts keep a Hold consensus

MarketBeat reported on October 3, 2026, that two equity analysts maintained a Hold consensus. The same report said Weiss Ratings had lowered its view from Buy to Hold on August 5, 2026, while Wall Street Zen moved from Hold to Sell.

The split matters because the latest downgrade contrasts with the broader Hold view rather than replacing it. Greenlight Capital Re operates as a property and casualty reinsurer, with Open Market and Innovations operations serving specialty risk markets.

October 5 price is USD 14.81

GLRE traded at USD 14.81 on Nasdaq on October 5, 2026, at 2:30 p.m. EDT, up 0.41 percent on the session. The market capitalization at that time was USD 485.0 million, placing the share valuation alongside the earnings reset rather than a major same-day price move.

Greenlight Capital Re describes its platform as a Nasdaq-listed property and casualty reinsurer with operations in the Cayman Islands, Ireland and the United Kingdom, according to Greenlight Capital Re.