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Wall Street analysts forecast that Selective Insurance (SIGI) will report quarterly earnings of $1.89 per share in its upcoming release, pointing to a year-over-year increase of 42.1%. It is anticipated that revenues will amount to $1.3 billion, exhibiting an increase of 11.5% compared to the year-ago quarter.
Over the last 30 days, there has been a downward revision of 2.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Selective Insurance metrics that are commonly tracked and forecasted by Wall Street analysts.
The average prediction of analysts places 'Revenues- Net premiums earned' at $1.17 billion. The estimate suggests a change of +11.5% year over year.
The combined assessment of analysts suggests that 'Revenues- Net investment income earned' will likely reach $123.30 million. The estimate suggests a change of +14.4% year over year.
According to the collective judgment of analysts, 'Revenues- Excess and Surplus Lines- Net Premiums Earned' should come in at $142.47 million. The estimate indicates a year-over-year change of +26.1%.
It is projected by analysts that the 'Revenues- Standard Commercial Lines- Net Premiums Earned' will reach $914.23 million. The estimate points to a change of +9.6% from the year-ago quarter.
Analysts forecast 'Revenues- Other income' to reach $7.82 million. The estimate suggests a change of +0.2% year over year.
Analysts' assessment points toward 'Revenues- Standard Personal Lines- Net Premiums Earned' reaching $110.06 million. The estimate suggests a change of +6% year over year.
Analysts predict that the 'Underwriting expense ratio' will reach 31.6%. The estimate is in contrast to the year-ago figure of 30.9%.