Key Details
Price
$438.12Last Dividend
$1.27Annual ROE
28.67%Beta
0.44Events Calendar
Next earnings date:
Feb 27, 2025Recent quarterly earnings:
Oct 31, 2024Recent annual earnings:
Feb 27, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Oct 07, 2024Next split:
N/ARecent split:
May 13, 1996Analyst ratings
Recent major analysts updates
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ERIE's results for the third quarter show that management fees and net investment income have risen, but this is balanced out by higher expenses.
Erie Indemnity Company (NASDAQ:ERIE) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 10:00 AM ET. The call will feature company representatives including Scott Beilharz, Tim NeCastro, and Julie Pelkowski. Please note that this call has been prerecorded, and there will not be a question-and-answer session afterward.
Erie Indemnity (ERIE) reported quarterly earnings of $3.06 per share, which is higher than the Zacks Consensus Estimate of $2.99 per share. This is an increase compared to earnings of $2.51 per share from the same period last year.
ERIE's results for the third quarter are expected to improve due to better performance in both personal and commercial lines.
Erie Indemnity had impressive results in the second quarter, with earnings per share of $3.13 surpassing expectations and a 17.9% increase in revenue compared to last year, reaching $990.44 million. Although the stock has faced some resistance, the company's strong management fee income and ability to keep customers show its solid business model and growth opportunities. Recently, ERIE stock dropped, possibly due to investor worries about rising operational costs and interest rate issues from the Federal Reserve, leading to changes in the stock price.
ERIE, Pa., Oct. 2, 2024 /PRNewswire/ -- Erie Indemnity Company (NASDAQ: ERIE) will hold a pre-recorded audio webcast for the financial community to share its third-quarter financial results on Friday, November 1st, at 10 a.m. Eastern Time.
Is Erie Indemnity (ERIE) a strong choice for momentum investors? Let's take a closer look.
Following the Zacks Rank can lead to strong market returns, as upward revisions in earnings estimates give stocks the boost they need to rise in the short term.
Erie Indemnity (ERIE) has the potential to deliver impressive returns due to its strong growth characteristics.
Erie Indemnity (ERIE) is likely to do better than the market because it shows strong growth in its financial performance.
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