Will RLI Corp. (RLI) Beat Estimates Again in Its Next Earnings Report?

Core Viewpoint - RLI Corp. is positioned to potentially continue its earnings-beat streak, supported by a strong history of exceeding earnings estimates, particularly in the last two quarters with an average surprise of 30.54% [1] Earnings Performance - In the last reported quarter, RLI Corp. achieved earnings of $1.31 per share, surpassing the Zacks Consensus Estimate of $0.98 per share by 33.67% [2] - In the previous quarter, the company reported earnings of $1.72 per share against an expected $1.35 per share, resulting in a surprise of 27.41% [2] Earnings Estimates - There has been a favorable change in earnings estimates for RLI Corp., with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [4] - The current Earnings ESP for RLI Corp. is +13.92%, suggesting that analysts have recently become more optimistic about the company's earnings prospects [7] Zacks Rank and Predictive Power - RLI Corp. holds a Zacks Rank of 3 (Hold), which, when combined with a positive Earnings ESP, indicates a high probability of beating earnings estimates, with historical data showing nearly 70% success in such cases [5][7] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, reflecting the latest analyst revisions, which are often more accurate [6]