For the quarter ended December 2023, Old Republic International (ORI - Free Report) reported revenue of $1.94 billion, down 2.8% over the same period last year. EPS came in at $0.69, compared to $0.80 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.95 billion, representing a surprise of -0.23%. The company delivered an EPS surprise of -4.17%, with the consensus EPS estimate being $0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Old Republic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Title Insurance Segment - Combined Ratio: 95.5% compared to the 98% average estimate based on two analysts.
- Operating Revenue- General Insurance Segment: $1.26 billion versus $1.22 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
- Operating Revenue- Title Insurance Segment: $660.50 million versus the two-analyst average estimate of $705.20 million. The reported number represents a year-over-year change of -22.3%.
- Operating Revenue- General insurance Segment- Net premiums earned: $1.09 billion compared to the $1.06 billion average estimate based on two analysts. The reported number represents a change of +10.6% year over year.
- Operating Revenue- Title Insurance Segment- Net investment income: $14.90 million versus $15.10 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.6% change.
- Operating Revenue- General insurance Segment- Other income: $41.90 million compared to the $38.30 million average estimate based on two analysts. The reported number represents a change of +16.4% year over year.
- Operating Revenue- Title Insurance Segment- Net premiums earned: $645.40 million versus the two-analyst average estimate of $689.95 million. The reported number represents a year-over-year change of -22.8%.
- Operating Revenue- General insurance Segment- Net investment income: $124.60 million versus the two-analyst average estimate of $120.54 million. The reported number represents a year-over-year change of +20.9%.
View all Key Company Metrics for Old Republic here>>>Shares of Old Republic have returned +4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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For the quarter ended December 2023, Old Republic International (ORI - Free Report) reported revenue of $1.94 billion, down 2.8% over the same period last year. EPS came in at $0.69, compared to $0.80 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.95 billion, representing a surprise of -0.23%. The company delivered an EPS surprise of -4.17%, with the consensus EPS estimate being $0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Old Republic performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Title Insurance Segment - Combined Ratio: 95.5% compared to the 98% average estimate based on two analysts.
- Operating Revenue- General Insurance Segment: $1.26 billion versus $1.22 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11.7% change.
- Operating Revenue- Title Insurance Segment: $660.50 million versus the two-analyst average estimate of $705.20 million. The reported number represents a year-over-year change of -22.3%.
- Operating Revenue- General insurance Segment- Net premiums earned: $1.09 billion compared to the $1.06 billion average estimate based on two analysts. The reported number represents a change of +10.6% year over year.
- Operating Revenue- Title Insurance Segment- Net investment income: $14.90 million versus $15.10 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +9.6% change.
- Operating Revenue- General insurance Segment- Other income: $41.90 million compared to the $38.30 million average estimate based on two analysts. The reported number represents a change of +16.4% year over year.
- Operating Revenue- Title Insurance Segment- Net premiums earned: $645.40 million versus the two-analyst average estimate of $689.95 million. The reported number represents a year-over-year change of -22.8%.
- Operating Revenue- General insurance Segment- Net investment income: $124.60 million versus the two-analyst average estimate of $120.54 million. The reported number represents a year-over-year change of +20.9%.
View all Key Company Metrics for Old Republic here>>>Shares of Old Republic have returned +4% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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