Employers Holdings (EIG) Reports Q3 Earnings: What Key Metrics Have to Say
Employers Holdings (EIG) reported $203.5 million in revenue for the quarter ended September 2023, representing a year-over-year decline of 0.4%. EPS of $0.68 for the same period compares to $0.56 a year ago.
The reported revenue represents a surprise of -5.90% over the Zacks Consensus Estimate of $216.26 million. With the consensus EPS estimate being $0.64, the EPS surprise was +6.25%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Employers Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Other income(loss): $0.10 million versus the two-analyst average estimate of $0.10 million. The reported number represents a year-over-year change of 0%.
Net premiums earned: $184.60 million versus $189.83 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +3.3% change.
Net investment income: $25.90 million versus the two-analyst average estimate of $26.33 million. The reported number represents a year-over-year change of +9.3%.
View all Key Company Metrics for Employers Holdings here>>>
Shares of Employers Holdings have returned -3.1% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Employers Holdings Inc (EIG) : Free Stock Analysis Report
