Old Republic International (US:ORI) ZACKSยท2024-10-24 13:15Company Performance - Old Republic International (ORI) reported quarterly earnings of $1.32 per share, exceeding the Zacks Consensus Estimate of $0.70 per share, and up from $0.72 per share a year ago, representing an earnings surprise of 88.57% [1] - The company posted revenues of $2.14 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 3.82%, and an increase from $1.95 billion year-over-year [1] - Over the last four quarters, Old Republic has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] Stock Performance - Old Republic shares have increased by approximately 21.7% since the beginning of the year, compared to the S&P 500's gain of 21.5% [2] - The current consensus EPS estimate for the upcoming quarter is $0.71 on revenues of $2.06 billion, and for the current fiscal year, it is $2.83 on revenues of $7.99 billion [4] Industry Outlook - The Insurance - Multi line industry, to which Old Republic belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook [5] - Corebridge Financial (CRBG), another company in the same industry, is expected to report quarterly earnings of $1.17 per share, reflecting a year-over-year change of +11.4%, with revenues anticipated to be $5.72 billion, up 40.2% from the previous year [5]