Old Republic International Earnings: Here’s Why Shares are Up Now
Old Republic International Corp. (NYSE:ORI) 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. Shares are up 2.81%.
Old Republic International Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.25 in the quarter versus EPS of $-0.19 in the year-earlier quarter.
Revenue: Rose 8.2% to $1.32 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Old Republic International Corp. reported adjusted EPS income of $0.25 per share. By that measure, the company beat the mean analyst estimate of $0.08. It beat the average revenue estimate of $1.31 billion.
Key Stats (on next page)…
Revenue increased 4.28% from $1.27 billion in the previous quarter. EPS increased 25% from $0.20 in the previous quarter.
Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.08 to a profit $0.06. For the current year, the average estimate has moved up from a profit of $0.47 to a profit of $0.54 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)