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

Erie Indemnity

29/04/2022 08:08

* Erie Indemnity Co  ERIE.OQ  reported quarterly adjusted
earnings
of $1.31​​ per share for the quarter ended in March. The mean
expectation of two analysts for the quarter was for earnings of
$1.43 per share.
    * Revenue rose 6.7% to $672.11 million from a year ago; 
analysts
expected $650.63 million. 
    * Erie Indemnity Co's reported EPS for the quarter was
$1.31​.
    * The mean earnings estimate of analysts had fallen by
about 1% 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 4.3% this
quarter and
lost 12.5% so far this year.
    * The company reported quarterly net income of $68.62
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 April 29 at 07:08 a.m.  ​All
figures in US dollars unless otherwise stated