Insurance management company Erie Indemnity (NASDAQ: ERIE) will be reporting results this Thursday after the bell. Here’s what investors should know.
Erie Indemnity missed analysts’ revenue expectations by 2.6% last quarter, reporting revenues of $1.06 billion, up 7% year on year. It was a disappointing quarter for the company, with a miss of analysts’ revenue estimates and a significant miss of analysts’ EPS estimates.
Is Erie Indemnity a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Erie Indemnity’s revenue to grow 8.5% year on year to $1.08 billion, slowing from the 16.4% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $3.37 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Erie Indemnity has only missed Wall Street’s revenue estimates once since going public and has exceeded top-line expectations by 13.2% on average.
Looking at Erie Indemnity’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 19.1%, beating analysts’ expectations by 30.8%, and First American Financial reported revenues up 40.7%, topping estimates by 6.2%. Stewart Information Services traded down 4.1% following the results while First American Financial was up 3.6%.
Read our full analysis of Stewart Information Services’s results here and First American Financial’s results here.
Questions about potential tariffs and corporate tax changes have caused much volatility in 2025. While some of the property & casualty insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 4.6% on average over the last month. Erie Indemnity is up 2.5% during the same time.
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