Why Is Mercury General (MCY) Up 12% Since Last Earnings Report?

Core Viewpoint - Mercury General's shares have increased by approximately 12% since the last earnings report, outperforming the S&P 500, raising questions about the sustainability of this positive trend leading up to the next earnings release [1] Earnings Estimates - Analysts have not made any earnings estimate revisions in the past two months, indicating a period of stability in expectations [2] VGM Scores - Mercury General has a subpar Growth Score of D and a Momentum Score of D, but it has an A grade for Value, placing it in the top 20% for this investment strategy. The overall aggregate VGM Score is C, which is relevant for investors not focused on a single strategy [3] Outlook - The company holds a Zacks Rank of 3 (Hold), suggesting an expectation of an in-line return from the stock in the upcoming months [4] Industry Performance - Mercury General is part of the Zacks Insurance - Property and Casualty industry. Competitor Allstate has seen a 1.3% gain over the past month, reporting revenues of $16.8 billion for the last quarter, which reflects a year-over-year increase of 8.9%. Allstate's EPS for the same period was $3.53, down from $5.13 a year ago [5] Current Quarter Expectations for Competitors - For the current quarter, Allstate is projected to report earnings of $3.20 per share, indicating a significant year-over-year change of 98.8%. The Zacks Consensus Estimate for Allstate has decreased by 0.9% over the last 30 days, and it also holds a Zacks Rank of 3 (Hold) with a VGM Score of A [6]