Kemper Earnings: Everything You Must Know Now

Kemper Corporation (NYSE:KMPR) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.

Kemper Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased to $0.55 in the quarter versus EPS of $-0.01 in the year-earlier quarter.

Revenue: Decreased 3.28% to $588.9 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Kemper Corporation reported adjusted EPS income of $0.55 per share. By that measure, the company beat the mean analyst estimate of $0.29. It beat the average revenue estimate of $588.39 million.

Quoting Management: “We are pleased with Kemper’s strong performance in the second quarter, as net operating income per share increased $0.56 year-over-year,” said Donald G. Southwell, Kemper’s Chairman, President and Chief Executive Officer. “The overall property and casualty group’s combined ratio improved nearly 15 percentage points from lower catastrophe losses, improved underlying results and higher favorable reserve development. The underlying combined ratio improved more than 5 percentage points resulting from our strategic actions to implement rate increases and tighten underwriting.”

Key Stats (on next page)…

Revenue decreased 4.38% from $615.9 million in the previous quarter. EPS decreased 23.61% from $0.72 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.39 to a profit $0.41. For the current year, the average estimate has moved up from a profit of $1.92 to a profit of $2.03 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)