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Ahead of Old Republic (ORI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
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The upcoming report from Old Republic International (ORI - Free Report) is expected to reveal quarterly earnings of $0.73 per share, indicating a decline of 44.7% compared to the year-ago period. Analysts forecast revenues of $2.28 billion, representing an increase of 6.2% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of 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.
Bearing this in mind, let's now explore the average estimates of specific Old Republic metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Operating Revenue- Specialty Insurance Segment- Net premiums earned' to reach $1.33 billion. The estimate points to a change of +8.9% from the year-ago quarter.
The combined assessment of analysts suggests that 'Operating Revenue- Specialty Insurance Segment- Net investment income' will likely reach $152.70 million. The estimate suggests a change of +9.2% year over year.
The collective assessment of analysts points to an estimated 'Operating Revenue- Specialty Insurance Segment- Other income' of $46.65 million. The estimate suggests a change of +6.8% year over year.
Based on the collective assessment of analysts, 'Operating Revenue- Corporate & Other' should arrive at $11.77 million. The estimate suggests a change of -32% year over year.
The average prediction of analysts places 'Operating Revenue- Title Insurance Segment- Net investment income' at $17.24 million. The estimate indicates a year-over-year change of +8.4%.
According to the collective judgment of analysts, 'Operating Revenue- Specialty Insurance Segment' should come in at $1.53 billion. The estimate indicates a change of +8.8% from the prior-year quarter.
It is projected by analysts that the 'Operating Revenue- Title Insurance Segment' will reach $738.04 million. The estimate indicates a change of +1.9% from the prior-year quarter.
Analysts' assessment points toward 'Specialty Insurance Segment - Loss Ratio' reaching 65.6%. Compared to the current estimate, the company reported 65.2% in the same quarter of the previous year.
Analysts predict that the 'Specialty Insurance Segment - Expense Ratio' will reach 28.8%. The estimate is in contrast to the year-ago figure of 28.8%.
The consensus estimate for 'Title Insurance Segment - Combined Ratio' stands at 97.9%. The estimate is in contrast to the year-ago figure of 96.7%.
The consensus among analysts is that 'Title Insurance Segment - Expense Ratio' will reach 95.1%. Compared to the present estimate, the company reported 93.9% in the same quarter last year.
Analysts expect 'Specialty Insurance Segment - Combined Ratio' to come in at 94.4%. Compared to the present estimate, the company reported 94.0% in the same quarter last year.
Old Republic shares have witnessed a change of +2% in the past month, in contrast to the Zacks S&P 500 composite's +1.2% move. With a Zacks Rank #3 (Hold), ORI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Ahead of Old Republic (ORI) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics
The upcoming report from Old Republic International (ORI - Free Report) is expected to reveal quarterly earnings of $0.73 per share, indicating a decline of 44.7% compared to the year-ago period. Analysts forecast revenues of $2.28 billion, representing an increase of 6.2% year over year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of 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.
Bearing this in mind, let's now explore the average estimates of specific Old Republic metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Operating Revenue- Specialty Insurance Segment- Net premiums earned' to reach $1.33 billion. The estimate points to a change of +8.9% from the year-ago quarter.
The combined assessment of analysts suggests that 'Operating Revenue- Specialty Insurance Segment- Net investment income' will likely reach $152.70 million. The estimate suggests a change of +9.2% year over year.
The collective assessment of analysts points to an estimated 'Operating Revenue- Specialty Insurance Segment- Other income' of $46.65 million. The estimate suggests a change of +6.8% year over year.
Based on the collective assessment of analysts, 'Operating Revenue- Corporate & Other' should arrive at $11.77 million. The estimate suggests a change of -32% year over year.
The average prediction of analysts places 'Operating Revenue- Title Insurance Segment- Net investment income' at $17.24 million. The estimate indicates a year-over-year change of +8.4%.
According to the collective judgment of analysts, 'Operating Revenue- Specialty Insurance Segment' should come in at $1.53 billion. The estimate indicates a change of +8.8% from the prior-year quarter.
It is projected by analysts that the 'Operating Revenue- Title Insurance Segment' will reach $738.04 million. The estimate indicates a change of +1.9% from the prior-year quarter.
Analysts' assessment points toward 'Specialty Insurance Segment - Loss Ratio' reaching 65.6%. Compared to the current estimate, the company reported 65.2% in the same quarter of the previous year.
Analysts predict that the 'Specialty Insurance Segment - Expense Ratio' will reach 28.8%. The estimate is in contrast to the year-ago figure of 28.8%.
The consensus estimate for 'Title Insurance Segment - Combined Ratio' stands at 97.9%. The estimate is in contrast to the year-ago figure of 96.7%.
The consensus among analysts is that 'Title Insurance Segment - Expense Ratio' will reach 95.1%. Compared to the present estimate, the company reported 93.9% in the same quarter last year.
Analysts expect 'Specialty Insurance Segment - Combined Ratio' to come in at 94.4%. Compared to the present estimate, the company reported 94.0% in the same quarter last year.
View all Key Company Metrics for Old Republic here>>>Old Republic shares have witnessed a change of +2% in the past month, in contrast to the Zacks S&P 500 composite's +1.2% move. With a Zacks Rank #3 (Hold), ORI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .