Insurance holding company Kemper (NYSE: KMPR) will be reporting results this Monday after market close. Here’s what you need to know.
Kemper missed analysts’ revenue expectations last quarter, reporting revenues of $1.12 billion, down 9.1% year on year. It was a slower quarter for the company, with a significant miss of analysts’ net premiums earned estimates and a significant miss of analysts’ book value per share estimates.
Is Kemper a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Kemper’s revenue to decline 12% year on year, a reversal from the 5% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Kemper has missed Wall Street’s revenue estimates multiple times over the last two years.
Looking at Kemper’s peers in the insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Hartford delivered year-on-year revenue growth of 3.9%, missing analysts’ expectations by 2.6%, and Chubb reported revenues up 4.2%, falling short of estimates by 0.8%. Hartford traded down 1.8% following the results while Chubb’s stock price was unchanged.
Read our full analysis of Hartford’s results here and Chubb’s results here.
There has been positive sentiment among investors in the insurance segment, with share prices up 4.9% on average over the last month. Kemper is up 23.9% during the same time and is heading into earnings with an average analyst price target of $36.33 (compared to the current share price of $33.39).
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