Core Viewpoint - Donegal Group reported quarterly earnings of $0.11 per share, exceeding the Zacks Consensus Estimate of $0.07 per share, compared to break-even earnings per share a year ago [5] - The company posted revenues of $246.04 million for the quarter, surpassing the Zacks Consensus Estimate by 1.25% and showing an increase from $226.69 million year-over-year [6] Group 1: Earnings Performance - The earnings surprise for Donegal Group was 57.14%, contrasting with a previous quarter's surprise of -35% when actual earnings were $0.13 per share against an expectation of $0.20 [1][3] - The current consensus EPS estimate for the upcoming quarter is $0.06 on revenues of $247.7 million, and for the current fiscal year, it is $0.35 on revenues of $981.4 million [14] Group 2: Market Position and Comparisons - Donegal has underperformed the market with a gain of about 0.3% since the beginning of the year, while the S&P 500 has gained 13.8% [12] - The Zacks Industry Rank for Insurance - Property and Casualty is in the top 28% of over 250 Zacks industries, indicating a favorable outlook for the sector [9] Group 3: Future Outlook - The sustainability of Donegal's stock price movement will depend on management's commentary during the earnings call [2] - The estimate revisions trend for Donegal is currently mixed, leading to a Zacks Rank 3 (Hold), suggesting shares are expected to perform in line with the market in the near future [3]
Donegal Group (DGICA) Q2 Earnings and Revenues Beat Estimates