Selective Insurance (SIGI) Earnings Expected to Grow: What to Know Ahead of Q2 Release

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for Selective Insurance, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Earnings Expectations - Selective Insurance is expected to report quarterly earnings of $1.55 per share, reflecting a significant year-over-year increase of +240.9% [3]. - Revenue projections stand at $1.31 billion, indicating a growth of 9.7% compared to the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, suggesting stability in analyst expectations [4]. - The Most Accurate Estimate for Selective Insurance is higher than the Zacks Consensus Estimate, resulting in a positive Earnings ESP of +1.94% [11]. Earnings Surprise Prediction - A positive Earnings ESP is generally a strong indicator of an earnings beat, especially when combined with a favorable Zacks Rank [9]. - However, Selective Insurance currently holds a Zacks Rank of 4, complicating the prediction of an earnings beat despite the positive Earnings ESP [11]. Historical Performance - In the last reported quarter, Selective Insurance was expected to earn $1.89 per share but only achieved $1.76, resulting in a surprise of -6.88% [12]. - The company has not surpassed consensus EPS estimates in any of the last four quarters [13]. Conclusion - While Selective Insurance is not positioned as a compelling earnings-beat candidate, investors should consider various factors beyond earnings expectations when making investment decisions [16].