RLI Corp reports results for the quarter ended June 30 - Earnings Summary

• RLI Corp RLI.N reported quarterly adjusted earnings of 84 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 86 cents. The mean expectation of eight analysts for the quarter was for earnings of 78 cents per share. Wall Street expected results to range from 70 cents to 86 cents per share.

• Revenue fell 0.6% to $457.06 million from a year ago; analysts expected $465.39 million.

• RLI Corp's reported EPS for the quarter was $1.34​.

• The company reported quarterly net income of $124.34 million.

• RLI Corp shares had fallen by 2.7% this quarter and lost 14.8% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 5.7% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy," 6 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is "buy."

• Wall Street's median 12-month price target for RLI Corp is $76.00, about 7.6% above its last closing price of $70.25

This summary was machine generated from LSEG data July 21 at 09:01 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)