The market expects Old Republic International (ORI) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended December 2018. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.
The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on January 24. On the other hand, if they miss, the stock may move lower.
This insurance underwriter is expected to post quarterly earnings of $0.42 per share in its upcoming report, which represents a year-over-year change of +27.3%.
Revenues are expected to be $1.57 billion, up 0.1% from the year-ago quarter.
How Have the Numbers Shaped Up for Old Republic?
For Old Republic, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.
So, this combination makes it difficult to conclusively predict that Old Republic will beat the consensus EPS estimate.
For the last reported quarter, it was expected that Old Republic would post earnings of $0.44 per share when it actually produced earnings of $0.56, delivering a surprise of +27.27%.
Old Republic doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.