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In its upcoming report, Old Republic International (ORI) is predicted by Wall Street analysts to post quarterly earnings of $0.73 per share, reflecting an increase of 9% compared to the same period last year. Revenues are forecasted to be $2.03 billion, representing a year-over-year increase of 10.1%.
The current level reflects no revision in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Old Republic metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Operating Revenue- General insurance Segment- Net premiums earned' reaching $1.24 billion. The estimate points to a change of +13.6% from the year-ago quarter.
Analysts predict that the 'Operating Revenue- General insurance Segment- Net investment income' will reach $142.47 million. The estimate indicates a change of +8.7% from the prior-year quarter.
The consensus among analysts is that 'Operating Revenue- General insurance Segment- Other income' will reach $45.50 million. The estimate indicates a change of +9.1% from the prior-year quarter.
The consensus estimate for 'Operating Revenue- Corporate & Other' stands at $19.05 million. The estimate suggests a change of -16.8% year over year.
Analysts forecast 'Operating Revenue- Title Insurance Segment- Net investment income' to reach $16.08 million. The estimate points to a change of +2.4% from the year-ago quarter.
Analysts expect 'Operating Revenue- General Insurance Segment' to come in at $1.43 billion. The estimate indicates a year-over-year change of +12.9%.
The collective assessment of analysts points to an estimated 'Operating Revenue- Title Insurance Segment' of $587.97 million. The estimate points to a change of +4.8% from the year-ago quarter.