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

Erie Indemnity

28/07/2023 04:43

* Erie Indemnity Co  ERIE.OQ  reported quarterly adjusted
earnings
of $2.25​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
$1.91 per share.
    * Revenue rose 15.7% to $839.87 million from a year ago;
analysts
expected $803.82 million. 
    * Erie Indemnity Co's reported EPS for the quarter was
$2.25​.
    * 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 0.0% this
quarter and
lost 15.6% so far this year.
    * The company reported quarterly net income of $117.85
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 LSEG Refinitiv data July
28 at 03:43 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      1.91           2.25           Beat
 Mar. 31 2023      1.48           1.65           Beat
 Dec. 31 2022      1.31           1.25           Missed
 Sep. 30 2022      1.71           1.61           Missed