We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Unlocking Q2 Potential of Old Republic (ORI): Exploring Wall Street Estimates for Key Metrics
Read MoreHide Full Article
Analysts on Wall Street project that Old Republic International (ORI - Free Report) will announce quarterly earnings of $0.79 per share in its forthcoming report, representing an increase of 4% year over year. Revenues are projected to reach $2.17 billion, increasing 7.6% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Old Republic metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Operating Revenue- Specialty Insurance Segment- Net premiums earned' should arrive at $1.27 billion. The estimate points to a change of +12.7% from the year-ago quarter.
It is projected by analysts that the 'Operating Revenue- Specialty Insurance Segment- Net investment income' will reach $149.75 million. The estimate suggests a change of +12.7% year over year.
The consensus among analysts is that 'Operating Revenue- Specialty Insurance Segment- Other income' will reach $47.05 million. The estimate indicates a year-over-year change of +0.1%.
Analysts' assessment points toward 'Operating Revenue- Corporate & Other' reaching $15.07 million. The estimate suggests a change of -35.3% year over year.
The combined assessment of analysts suggests that 'Operating Revenue- Title Insurance Segment- Net investment income' will likely reach $16.44 million. The estimate indicates a change of +6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating Revenue- Specialty Insurance Segment' of $1.47 billion. The estimate indicates a change of +12.3% from the prior-year quarter.
Analysts forecast 'Operating Revenue- Title Insurance Segment' to reach $693.19 million. The estimate suggests a change of +2.1% year over year.
Analysts predict that the 'Specialty Insurance Segment - Loss Ratio' will reach 65.0%. Compared to the current estimate, the company reported 64.3% in the same quarter of the previous year.
The average prediction of analysts places 'Specialty Insurance Segment - Expense Ratio' at 28.6%. The estimate is in contrast to the year-ago figure of 28.1%.
The consensus estimate for 'Title Insurance Segment - Combined Ratio' stands at 96.8%. Compared to the current estimate, the company reported 95.4% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Title Insurance Segment - Expense Ratio' should come in at 94.5%. Compared to the present estimate, the company reported 93.1% in the same quarter last year.
Analysts expect 'Specialty Insurance Segment - Combined Ratio' to come in at 93.6%. The estimate compares to the year-ago value of 92.4%.
Over the past month, Old Republic shares have recorded returns of -1.3% versus the Zacks S&P 500 composite's +5.4% change. Based on its Zacks Rank #3 (Hold), ORI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Unlocking Q2 Potential of Old Republic (ORI): Exploring Wall Street Estimates for Key Metrics
Analysts on Wall Street project that Old Republic International (ORI - Free Report) will announce quarterly earnings of $0.79 per share in its forthcoming report, representing an increase of 4% year over year. Revenues are projected to reach $2.17 billion, increasing 7.6% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Old Republic metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Operating Revenue- Specialty Insurance Segment- Net premiums earned' should arrive at $1.27 billion. The estimate points to a change of +12.7% from the year-ago quarter.
It is projected by analysts that the 'Operating Revenue- Specialty Insurance Segment- Net investment income' will reach $149.75 million. The estimate suggests a change of +12.7% year over year.
The consensus among analysts is that 'Operating Revenue- Specialty Insurance Segment- Other income' will reach $47.05 million. The estimate indicates a year-over-year change of +0.1%.
Analysts' assessment points toward 'Operating Revenue- Corporate & Other' reaching $15.07 million. The estimate suggests a change of -35.3% year over year.
The combined assessment of analysts suggests that 'Operating Revenue- Title Insurance Segment- Net investment income' will likely reach $16.44 million. The estimate indicates a change of +6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating Revenue- Specialty Insurance Segment' of $1.47 billion. The estimate indicates a change of +12.3% from the prior-year quarter.
Analysts forecast 'Operating Revenue- Title Insurance Segment' to reach $693.19 million. The estimate suggests a change of +2.1% year over year.
Analysts predict that the 'Specialty Insurance Segment - Loss Ratio' will reach 65.0%. Compared to the current estimate, the company reported 64.3% in the same quarter of the previous year.
The average prediction of analysts places 'Specialty Insurance Segment - Expense Ratio' at 28.6%. The estimate is in contrast to the year-ago figure of 28.1%.
The consensus estimate for 'Title Insurance Segment - Combined Ratio' stands at 96.8%. Compared to the current estimate, the company reported 95.4% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Title Insurance Segment - Expense Ratio' should come in at 94.5%. Compared to the present estimate, the company reported 93.1% in the same quarter last year.
Analysts expect 'Specialty Insurance Segment - Combined Ratio' to come in at 93.6%. The estimate compares to the year-ago value of 92.4%.
View all Key Company Metrics for Old Republic here>>>Over the past month, Old Republic shares have recorded returns of -1.3% versus the Zacks S&P 500 composite's +5.4% change. Based on its Zacks Rank #3 (Hold), ORI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .