Earnings Preview: RLI
Portfolio Pulse from Benzinga Insights
RLI Corp is scheduled to release its quarterly earnings report on January 24, 2024. Analysts predict an EPS of $1.49. Investors are looking for an earnings beat and positive guidance for future growth. Historically, RLI's stock price has reacted to earnings performance and guidance. Last quarter, RLI beat the EPS estimate by $0.53, resulting in a 5.91% stock price increase the following day. Over the past year, RLI shares have risen by 9.73%, trading at $145.91 as of January 22.
January 23, 2024 | 7:01 pm
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RLI Corp is expected to report an EPS of $1.49 in its upcoming earnings, with investors anticipating an earnings beat and positive future guidance. The stock has historically reacted to earnings outcomes and guidance, with a notable increase after last quarter's beat.
Given RLI's history of stock price increases following an earnings beat, and considering the positive trend over the past year, there is a high likelihood of a short-term positive impact on the stock price if RLI meets or exceeds the EPS estimate and provides favorable guidance.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100