Erie Indemnity (ERIE): Strong Industry, Solid Earnings Estimate Revisions

One stock that might be an intriguing choice for investors right now is Erie Indemnity Company (ERIE). This is because this security in the Insurance space is seeing solid earnings estimate revision activity, and is a great company from a Zacks Industry Rank perspective.

This is important because, oftentimes, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Insurance space as it currently has a Zacks Industry Rank of 63 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Erie Indemnity is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.

In fact, over the past month, current quarter estimates have risen from 76 cents per share to 78 cents per share, while current year estimates have risen from $3.25 per share to $3.30 per share. This has helped ERIE to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Erie Indemnity. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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ERIE INDEMNITY CO CL A (ERIE): Free Stock Analysis Report


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