Old Republic Intl Q2 EPS $0.62 Beats $0.56 Estimate, Sales $1.83B Miss $1.93B Estimate
Portfolio Pulse from Bill Haddad
Old Republic Intl (ORI) reported Q2 earnings of $0.62 per share, beating the analyst consensus estimate of $0.56 by 10.71%. However, this is a 10.14% decrease from the same period last year. The company's quarterly sales of $1.83 billion missed the analyst consensus estimate of $1.93 billion by 5.23%, marking a 14.05% decrease from the same period last year.
July 27, 2023 | 11:03 am
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Old Republic Intl's Q2 earnings beat estimates but sales missed, and both earnings and sales decreased from the same period last year.
Old Republic Intl's earnings beat estimates, which is a positive signal. However, the company's sales missed estimates and both earnings and sales decreased from the same period last year, which are negative signals. These factors could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100