Profile
Sector:
Financial ServicesIndustry:
Insurance BrokersCountry:
United StatesIPO:
02 October 1995Website:
http://www.erieinsurance.comNext earnings report:
N/ALast dividends:
07 October 2024Next dividends:
N/APrice
after hours | Fri, 01 Nov 2024 21:27:40 GMTAnalysts recommendations
Institutional Ownership
ERIE Latest News
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.
Erie Indemnity (ERIE) shares have begun to rise and could keep increasing soon, based on positive changes in earnings forecasts.
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What type of business is Erie Indemnity?
Erie Indemnity Company is an American company that belongs to the financial sector. It is part of the Erie Insurance Group. Since its founding in 1925, it has essentially acted as an attorney for policyholders on the Erie Insurance Exchange. The headquarters is located in Erie, Pennsylvania, USA. The Erie Insurance Group Exchange is a registered mutual insurance company in Pennsylvania that deals with property and casualty insurance. The exchange has fully owned subsidiaries for property and casualty insurance. Erie Insurance is a public insurance company that offers its services through a network of independent insurance agents located in 12 states in the USA and the District of Columbia.
What sector is Erie Indemnity in?
Erie Indemnity is in the Financial Services sector
What industry is Erie Indemnity in?
Erie Indemnity is in the Insurance Brokers industry
What country is Erie Indemnity from?
Erie Indemnity is headquartered in United States
When did Erie Indemnity go public?
Erie Indemnity initial public offering (IPO) was on 02 October 1995
What is Erie Indemnity website?
https://www.erieinsurance.com
Is Erie Indemnity in the S&P 500?
Yes, Erie Indemnity is included in the S&P 500 index
Is Erie Indemnity in the NASDAQ 100?
No, Erie Indemnity is not included in the NASDAQ 100 index
Is Erie Indemnity in the Dow Jones?
No, Erie Indemnity is not included in the Dow Jones index
When was Erie Indemnity the previous earnings report?
No data
When does Erie Indemnity earnings report?
Next earnings report date is not announced yet