Earnings Preview: RLI
Portfolio Pulse from Benzinga Insights
RLI Corp (NYSE:RLI) is set to release its quarterly earnings report on July 24, 2023. Analysts estimate an EPS of $1.19. Last quarter, RLI beat EPS estimates by $0.41, leading to a 9.34% increase in share price the next day. The company's shares were trading at $138.07 as of July 20, with a 52-week increase of 22.31%.
July 21, 2023 | 5:02 pm
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RLI Corp is expected to announce its Q2 earnings on July 24. The company's previous earnings beat led to a significant increase in share price.
RLI Corp's earnings announcement is a significant event that could impact its stock price. The company's previous earnings beat led to a 9.34% increase in share price, indicating that positive earnings news can significantly boost investor sentiment and drive up the stock price. Given the company's recent performance and the analysts' EPS estimate, there is a high likelihood of a positive impact on the stock price following the earnings announcement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100