RLI's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
RLI Corp. (NYSE:RLI) is set to release its quarterly earnings report on October 23, 2023. Analysts estimate an earnings per share (EPS) of $0.08. The company's previous quarter saw a miss in EPS by $0.03, resulting in a 1.78% drop in share price. RLI's shares were trading at $134.59 as of October 19, with a 52-week return of 9.63%.
October 20, 2023 | 4:01 pm
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RLI Corp. is expected to report an EPS of $0.08 in its upcoming earnings. The company's stock price may be affected by the earnings report, as seen in the previous quarter when a miss in EPS led to a 1.78% drop in share price.
The upcoming earnings report is a significant event for RLI Corp. and its investors. Given the company's history, a miss in the estimated EPS could potentially lead to a drop in the share price, as seen in the previous quarter. However, it's also possible that the company could meet or exceed the estimate, which could positively impact the stock price.
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IMPORTANCE 80
RELEVANCE 100