Why Is RLI Corp. (RLI) Down 1.5% Since Last Earnings Report?

Core Viewpoint - RLI Corp. has experienced a decline of approximately 1.5% in share price over the past month, underperforming the S&P 500, raising questions about its upcoming earnings release and potential for a breakout [1] Earnings Estimates - Estimates for RLI Corp. have trended downward, with the consensus estimate shifting by -9.69% in the past month [2] VGM Scores - RLI Corp. has an average Growth Score of C, a Momentum Score of F, and a Value Score of D, placing it in the bottom 40% for the value investment strategy. The overall aggregate VGM Score for the stock is F [3] Outlook - The downward trend in estimates indicates a negative outlook for RLI Corp., which currently holds a Zacks Rank of 3 (Hold), suggesting an expectation of in-line returns in the coming months [4] Industry Performance - RLI Corp. is part of the Zacks Insurance - Property and Casualty industry. A peer, Chubb (CB), has seen a gain of 1.8% over the past month, reporting revenues of $13.67 billion for the last quarter, reflecting a year-over-year increase of +4.6% [5] - Chubb's earnings per share (EPS) for the last quarter was $3.68, down from $5.41 a year ago, with an expected EPS of $5.85 for the current quarter, indicating a year-over-year change of +8.7% [6]