Erie Indemnity Co reports results for the quarter ended in December - Earnings Summary

Erie Indemnity

01/03/2023 23:29

* Erie Indemnity Co  ERIE.OQ  reported quarterly adjusted
earnings
of $1.25​​ per share for the quarter ended in December. The mean
expectation of two analysts for the quarter was for earnings of
$1.31 per share.
    * Revenue rose 10.2% to $700.64 million from a year ago;
analysts
expected $675.65 million. 
    * Erie Indemnity Co's reported EPS for the quarter was
$1.25​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Erie Indemnity Co shares had fallen by 5.4% this quarter.
    * The company reported quarterly net income of $65.49
million.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 1 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data March 1
at 11:29 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      1.31           1.25           Missed
 Sep. 30 2022      1.71           1.61           Missed
 Jun. 30 2022      1.56           1.53           Missed
 Mar. 31 2022      1.43           1.31           Missed