Selective Insurance Group Inc expected to post earnings of $1.07 a share - Earnings Preview

Selective Insurance

31/07/2023 22:54

* Selective Insurance Group Inc  SIGI.OQ   SIGI.O  is
expected
to show a rise in quarterly revenue when it reports  results on
August 2. 
    * The Branchville New Jersey-based  company is expected to
report 
a 11.1% increase in revenue to $1.034 billion from $930.7
million a year ago, according to the mean estimate from 4
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Selective Insurance
Group
Inc is for earnings of $1.07 per share. The company's EPS
guidance on July 24 2023, for the period ended June 30, was
about USD0.99
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 7
"hold" and 1 "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Selective
Insurance Group Inc is $101​, below​ its last closing price
of $104.42. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.58        1.59       1.44      Missed  -9.6
 Dec. 31 2023  1.46        1.46       1.46      Met     -0.2
 Sep. 30 2022  1.18        1.17       0.99      Missed  -15.4​
 Jun. 30 2022  1.17        1.23       1.17      Missed  -5.1
 ​​Mar.        1.45        1.47       1.41      Missed  -4
 31 2022                                                
 Dec. 31 2021  1.42        1.41       1.56      Beat    10.3​
 Sep. 30 2021  0.96        1.01       1.18      Beat    16.3
 Jun. 30 2021  1.21        1.25       1.85      Beat    47.5
 This summary was machine generated July 31 at 21:54 GMT.  All
figures in US dollars  unless otherwise stated