Get ready to mark your calendars because the much anticipated third quarter financial results of RLI Corp (NYSE: RLI) are set to be unveiled on Monday 21st October 2024. Investors and market watchers will have the chance to dive into the company's financial performance as the announcement is scheduled after market close.
Financial experts on Wall Street anticipate that the company is set to announce an estimated $0.97 profit per share for the quarter. Furthermore, the company is expected to disclose a total revenue of $389.49 million for this specific period.
Wall Street analysts have revealed their projections for the company's yearly performance, with a total revenue of $1.6 billion. Furthermore, they expect the business to achieve profit of $6.11 per share during the fiscal year.
Looking back at the corresponding quarter from the previous year, the company's earnings report revealed a per-share income of $0.61. This notable figure was attributed to the company's total revenue, which settled at an impressive $334.72 million during that specific quarter.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.72 | +48.3% | 459.90 M | +9.6% |
| Q1 2024 | $1.89 | +16.0% | 377.63 M | +10.2% |
| Q4 2023 | $1.54 | +0.7% | 330.90 M | +10.9% |
| Q3 2023 | $0.61 | +22.0% | 334.72 M | +5.0% |
| Q2 2023 | $1.16 | -22.1% | 419.54 M | +25.5% |
| *Growth on year-over-year basis | ||||
Additionally, The company will host a conference call with investors and analysts on 22nd October 2024 at 11:00 AM eastern time to review the Q3 2024 financial results.
During Thursday's trading, RLI Corp (RLI) shares reached a low of $162.25 and a high of $164.25, along with a total volume of 84.50 thousand shares. The stock ended the regular trading session at $164.21, demonstrating an increase of 1.57 percent.
