Selective Insurance Gr's Earnings: A Preview

Selective Insurance Gr (NASDAQ:SIGI) will release its quarterly earnings report on Monday, 2024-10-21. Here's a brief overview for investors ahead of the announcement.

Analysts anticipate Selective Insurance Gr to report an earnings per share (EPS) of $1.65.

Selective Insurance Gr bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.

New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).

Past Earnings Performance

Last quarter the company missed EPS by $2.58, which was followed by a 18.18% drop in the share price the next day.

Here's a look at Selective Insurance Gr's past performance and the resulting price change:

Quarter	Q2 2024	Q1 2024	Q4 2023	Q3 2023
EPS Estimate	1.48	1.84	1.94	1.59
EPS Actual	-1.10	1.33	1.94	1.51
Price Change %	-18.0%	-6.0%	-8.0%	-1.0%

Stock Performance

Shares of Selective Insurance Gr were trading at $98.89 as of October 17. Over the last 52-week period, shares are down 3.78%. Given that these returns are generally negative, long-term shareholders are likely bearish going into this earnings release.

To track all earnings releases for Selective Insurance Gr visit their earnings calendar on our site.

This article was generated by Benzinga's automated content engine and reviewed by an editor.