Group 1 - Erie Indemnity Company will host a pre-recorded audio webcast to discuss its financial results for the third quarter on November 1st at 10 a.m. Eastern Time [1] - A press release with the financial results will be issued after the market closes on October 31st [1] - The pre-recorded audio will be accessible on the company's Investor Relations website [1] Group 2 - Erie Insurance Group is the 12th largest homeowners insurer, 13th largest automobile insurer, and 13th largest commercial lines insurer in the U.S. based on direct premiums written [3] - Founded in 1925, Erie Insurance is a Fortune 500 company and ranks as the 17th largest property/casualty insurer in the U.S. based on total lines net premium written [3] - Erie Insurance has nearly 7 million policies in force and operates in 12 states and the District of Columbia, with an A+ (Superior) rating from A.M. Best [3]

Company Overview - Erie Indemnity (ERIE) currently holds a Momentum Style Score of B, indicating potential for strong performance based on recent price trends and earnings estimate revisions [3][10] - The company has a Zacks Rank of 1 (Strong Buy), suggesting it is expected to outperform the market [4][10] Price Performance - Over the past week, ERIE shares have increased by 2.9%, outperforming the Zacks Insurance - Brokerage industry, which rose by 0.8% [6] - In the last month, ERIE's price change is 9.87%, significantly higher than the industry's 3.45% [6] - Over the past quarter, ERIE shares have surged by 45.12%, and over the last year, they have gained 82.49%, while the S&P 500 has only increased by 3.93% and 27.48%, respectively [7] Trading Volume - The average 20-day trading volume for ERIE is 110,344 shares, which serves as a baseline for assessing price movements [8] Earnings Outlook - In the past two months, one earnings estimate for ERIE has been revised upward, while none have been lowered, leading to an increase in the consensus estimate from $10.05 to $11.41 [10] - For the next fiscal year, one estimate has also moved upwards with no downward revisions during the same period [10]

Group 1: Core Insights - Stocks with rising earnings estimates have consistently outperformed the S&P 500, while those with falling estimates have underperformed [1] - The Zacks Rank classifies stocks into five groups based on earnings estimates, allowing investors to capitalize on trends in earnings revisions [2] Group 2: Erie Indemnity (ERIE) - Erie Indemnity is classified as a Zacks Rank 1 (Strong Buy) and has a bullish earnings outlook across all timeframes [3] - The company has a 7.4% five-year annualized dividend growth rate with a sustainable payout ratio of 50% [3] - Following its latest quarterly results, Erie Indemnity reported 40% earnings growth on 18% higher sales, beating the Zacks Consensus EPS estimate by an average of 12% [4] Group 3: Duolingo (DUOL) - Duolingo is also a Zacks Rank 1 (Strong Buy) with a forecasted 430% EPS growth and a 40% sales increase for the current fiscal year [6] - The company has shown double-digit year-over-year sales growth in each of the last ten quarters [6] - Since becoming a Zacks Rank 1 on August 9, Duolingo shares have gained 15%, outperforming the S&P 500's 2% gain [7] Group 4: Maplebear Inc. (CART) - Maplebear, known as Instacart, is a leading grocery technology company with a Zacks Rank 1 (Strong Buy) [9] - The company is expected to achieve 110% EPS growth and 11% higher sales for the current fiscal year [9] - Since obtaining the Zacks Rank 1 on August 9, shares of Maplebear have gained over 10% following positive earnings estimate revisions [11] Group 5: Conclusion - The examples of Erie Indemnity, Duolingo, and Maplebear illustrate that following the Zacks Rank can lead to market-beating gains due to positive earnings estimate revisions [13]

Investors are bracing for a volatile market this week as key economic data are set to be released, including job openings, jobless claims and the crucial nonfarm payrolls report. These labor market figures will likely influence the Federal Reserve's decision on its upcoming rate cut, which could vary from a standard adjustment to a more substantial reduction, impacting broader market dynamics. Given this uncertainty, constructing a portfolio of low-beta stocks may be prudent. In this regard, stocks like Eri ...

Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a great growth stock is not easy at all. In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks ...

Note 8. Postretirement Benefits Our defined benefit pension plan funding policy is generally to contribute an amount equal to the greater of the target normal cost for the plan year, or the amount necessary to fund the plan to 100%. Accordingly, we made a $33 million contribution in January 2024. The funded pension plan net benefit asset is presented separately from the unfunded plan as a non-current asset on our Statements of Financial Position. (2) Pension plan income represents total plan income before r ...

| --- | --- | --- | --- | --- | --- | --- | --- | |-------|-----------------------|-------|---------------------|-------|---------------------|-------------|-------------------| | | Three months \n2024 | ended | June 30, \n2023 | | Six months \n2024 | ended | June 30, \n2023 | | | (Unaudited) | | | | | (Unaudited) | | | $ | 760,886 | $ | 633,339 | $ | 1,426,572 | $ | 1,191,429 | | | 17,051 | | 15,636 | | 33,985 | | 30,825 | | | 206,028 | | 184,466 | | 397,595 | | 357,293 | | | 6,473 | | 6,429 | | 12,987 | | ...

Net Income per Diluted Share was $3.13 for the Quarter and $5.52 for the Six Months of 2024 2Q and First Half 2024 (in thousands) 2Q'24 2Q'23 1H'24 1H'23 Operating income $ 190,208$ 134,158$ 329,020$ 244,701 Investment income 13,827 11,627 28,906 6,895 Other income 3,292 3,305 6,703 6,642 Income before income taxes 207,327 149,090 364,629 258,238 Income tax expense 43,424 31,238 76,174 54,145 Net income $ 163,903$ 117,852 $ 288,455$ 204,093 ERIE, Pa., July 25, 2024 /PRNewswire/ -- Erie Indemnity Company (NA ...

ERIE, Pa., July 15, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will host a pre-recorded audio webcast with the financial community providing financial results for the second quarter on Friday, July 26th, at 10 a.m. Eastern Time. Erie Indemnity will issue a press release reporting its results after the close of the market on Thursday, July 25th. The pre-recorded audio will be available on the company's Investor Relations website at www.erieinsurance.com/about/investors.aspx. To access the pre ...

Erie Indemnity (ERIE) came out with quarterly earnings of $2.38 per share, beating the Zacks Consensus Estimate of $2.33 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.15%. A quarter ago, it was expected that this insurance company would post earnings of $2.13 per share when it actually produced earnings of $2.12, delivering a surprise of -0.47%.Over the last four quarters, the ...