Selective Insurance Group Inc expected to post earnings of $1.94 a share - Earnings Preview

Selective Insurance

29/01/2024 21:35

* Selective Insurance Group Inc  SIGI.OQ   SIGI.O  is
expected
to show a rise in quarterly revenue when it reports  results on
January 31 for the period ending December 31 2023
    * The Branchville New Jersey-based  company is expected to
report
a 12.8% increase in revenue to $958.128 million from $849.7
million a year ago, according to the mean estimate from 5
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Net Premium Written)
    * ​LSEG's mean analyst estimate for Selective Insurance
Group Inc
is for earnings of $1.94 per share. 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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 $108.00​, above​ its last closing price
of $105.32. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.57        1.58       1.51      Missed  -4.7
 Jun. 30 2023  0.99        0.99       0.99      Met     0
 Mar. 31 2023  1.58        1.59       1.44      Missed  -9.6​
 Dec. 31 2022  1.46        1.46       1.46      Met     -0.2
 ​​Sep.        1.18        1.17       0.99      Missed  -15.4
 30 2022                                                
 Jun. 30 2022  1.17        1.23       1.17      Missed  -5.1​
 Mar. 31 2022  1.45        1.47       1.41      Missed  -4
 Dec. 31 2021  1.42        1.41       1.56      Beat    10.3
 This summary was machine generated January 29 at 21:35 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)