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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NEGATIVE IMPACT
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