Old Republic International Earnings: Here’s Why the Stock is 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 2.09%.
Old Republic International Corp. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.20 in the quarter versus EPS of $-0.01 in the year-earlier quarter.
Revenue: Rose 9.27% to $1.27 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: Old Republic International Corp. reported adjusted EPS income of $0.20 per share. By that measure, the company beat the mean analyst estimate of $0.04. It beat the average revenue estimate of $1.22 billion.
Quoting Management: There was no comment from management.
Key Stats (on next page)…
Revenue decreased 1.39% from $1.28 billion in the previous quarter. EPS increased to $0.20 in the quarter versus EPS of $-0.09 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 $0.02 to a profit $0.08. For the current year, the average estimate has moved down from a profit of $0.45 to a profit of $0.42 over the last ninety days.