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Erie Indemnity Co Market Cap
From what 1 stock analysts predict, the share price for Erie Indemnity Co (ERIE) might decrease by 100% in the next year. This is based on a 12-month average estimation for ERIE. Price targets go from $ to $. The majority of stock analysts believe ERIE is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
Erie Indemnity Co has a total of 1 Wall St Analyst ratings. There are 1 buy ratings, 0 ratings, and 0 sell ratings. Since most analysts have a buy consensus rating, the expectation is that Erie Indemnity Co will outperform the market. Investors shouldn't rely purely on analyst ratings; we encourage investors to also take a look at the fundamental and technical analysis in their due diligence.
These are the latest 20 analyst ratings of ERIE.
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When did it IPO
1995
Staff Count
6,481
Country
United States
Sector/Industry
Financial Services/Insurance Brokers
CEO
Mr. Timothy Gerard NeCastro C.I.C., CPA
Market Cap
$22.91B
In 2023, ERIE generated $3.31B in revenue, which was a increase of 0.00% from the previous year. This can be seen as a signal that ERIE's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Mon, 04 Nov 2024
Sentiment - NEUTRAL
Source - Zacks Investment Research
Summary - ERIE's Q3 results showed increased management fees and net investment income, but were negatively impacted by higher expenses.
Why It Matters - ERIE's Q3 results indicate growth in revenue from management fees and investment income, but rising expenses could affect future profitability and investor returns.
Fri, 01 Nov 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Erie Indemnity Company (NASDAQ:ERIE) will hold its Q3 2024 Earnings Conference Call on November 1, 2024, at 10:00 AM ET. The call will be prerecorded with no Q&A session.
Why It Matters - The scheduled earnings call provides insights into Erie Indemnity's financial performance, impacting stock valuation and investor sentiment ahead of Q3 results.
Thu, 31 Oct 2024
Sentiment - NEUTRAL
Source - PRNewsWire
Summary - Erie Indemnity Company reported a net income per diluted share of $3.06 for Q3 2024 and $8.57 for the first nine months of 2024.
Why It Matters - Strong earnings per share indicate robust profitability for Erie Indemnity Company, potentially boosting investor confidence and stock performance.
Thu, 31 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - Erie Indemnity (ERIE) reported Q3 earnings of $3.06 per share, surpassing the Zacks Consensus Estimate of $2.99, and up from $2.51 per share year-over-year.
Why It Matters - Erie Indemnity's earnings beat expectations and show significant year-over-year growth, indicating strong financial performance and potentially boosting investor confidence and stock value.
Thu, 31 Oct 2024
Sentiment - NEGATIVE
Source - Market Watch
Summary - Super Micro experienced a 33% drop in stock price on Wednesday, leading to its inclusion on a significant list of declining stocks.
Why It Matters - Super Micro's 33% drop signals potential volatility and market concerns, impacting investor sentiment and risk assessments for tech stocks.
Tue, 29 Oct 2024
Sentiment - POSITIVE
Source - Zacks Investment Research
Summary - ERIE's Q3 results are expected to improve due to better performance in both personal and commercial lines.
Why It Matters - ERIE's expected strong third-quarter results indicate potential growth in profitability, which could enhance investor confidence and drive stock performance.
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