RLI Corp (RLI, Financial) is set to release its Q3 2024 earnings on Oct 21, 2024. The consensus estimate for Q3 2024 revenue is $389.49 million, and the earnings are expected to come in at $1.06 per share. The full year 2024's revenue is expected to be $1.60 billion and the earnings are expected to be $7.35 per share. More detailed estimate data can be found on the Forecast page.
RLI Corp (RLI, Financial) Estimates Trends
Over the past 90 days, revenue estimates for RLI Corp (RLI) for the full year 2024 have increased from $1.59 billion to $1.60 billion, and for 2025 from $1.69 billion to $1.69 billion. Earnings estimates have also seen an upward revision for the same period, with projections for 2024 rising from $7.00 per share to $7.35 per share, and for 2025 from $6.48 per share to $6.79 per share.
RLI Corp (RLI, Financial) Reported History
In the previous quarter of June 30, 2024, RLI Corp's (RLI) actual revenue was $459.90 million, which beat analysts' revenue expectations of $443.66 million by 3.66%. RLI Corp's (RLI) actual earnings were $1.78 per share, which beat analysts' earnings expectations of $1.49 per share by 19.3%. After releasing the results, RLI Corp (RLI) was up by 2.95% in one day.
RLI Corp (RLI, Financial) 12 Month Price Targets
Based on the one-year price targets offered by 5 analysts, the average target price for RLI Corp (RLI) is $174 with a high estimate of $182 and a low estimate of $162. The average target implies an upside of 5.96% from the current price of $164.21.
Based on GuruFocus estimates, the estimated GF Value for RLI Corp (RLI, Financial) in one year is $152.62, suggesting a downside of -7.06% from the current price of $164.21.
Based on the consensus recommendation from 10 brokerage firms, RLI Corp's (RLI, Financial) average brokerage recommendation is currently 2.3, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
