Old Republic International (ORI) Reports Earnings Tomorrow: What To Expect

Insurance conglomerate Old Republic International (NYSE:ORI) will be reporting results this Thursday morning. Here’s what to expect.

Old Republic International beat analysts’ revenue expectations last quarter, reporting revenues of $2.36 billion, up 9.5% year on year. It was a softer quarter for the company, with a significant miss of analysts’ EPS estimates and a significant miss of analysts’ book value per share estimates.

Is Old Republic International a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Old Republic International’s revenue to grow 10.2% year on year, slowing from the 11.4% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Old Republic International rarely misses Wall Street’s revenue estimates.

Looking at Old Republic International’s peers in the property & casualty insurance segment, some have already reported their Q1 results, giving us a hint as to what we can expect. Progressive delivered year-on-year revenue growth of 8.7%, meeting analysts’ expectations, and W. R. Berkley reported revenues up 4%, falling short of estimates by 1.8%. Progressive traded up 3.5% following the results.

Read our full analysis of Progressive’s results here and W. R. Berkley’s results here.

There has been positive sentiment among investors in the property & casualty insurance segment, with share prices up 6.7% on average over the last month. Old Republic International is up 12.7% during the same time and is heading into earnings with an average analyst price target of $42.50 (compared to the current share price of $42.84).

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