Earnings Outlook For Selective Insurance Gr
Portfolio Pulse from Benzinga Insights
Selective Insurance Gr (NASDAQ:SIGI) is expected to release its quarterly earnings report on January 31, 2024, with an estimated EPS of $1.94. Investors are looking for an earnings beat and positive guidance for future growth. In the past, SIGI's stock price has been sensitive to earnings performance and guidance. Last quarter, SIGI missed the EPS estimate by $0.08, leading to a 1.14% share price drop. Over the last year, SIGI shares have increased by 13.93%, indicating a bullish sentiment among long-term shareholders.
January 30, 2024 | 6:01 pm
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Selective Insurance Gr (SIGI) is anticipated to release its quarterly earnings with an estimated EPS of $1.94. Investors are focused on whether SIGI will surpass this estimate and provide positive future guidance. Historically, SIGI's stock has reacted to earnings outcomes and forecasts, with a 1.14% drop after missing EPS last quarter. Shares have risen 13.93% over the past year, suggesting optimism pre-earnings.
The short-term impact on SIGI's stock price will likely hinge on whether the company meets or exceeds the EPS estimate and provides favorable guidance. The historical data shows that the stock is sensitive to earnings performance, but the overall positive trend over the past year may buffer negative reactions to a potential earnings miss. The confidence level is not at the maximum due to the unpredictable nature of market reactions to earnings reports.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100