Erie Indemnity Company (ERIE) is a U.S.-based insurance services company with a market cap of $16.5 billion. Despite underperforming the market, its net income rose 6.6% year-over-year to $174.7 million in the second quarter. Analysts expect its EPS to grow 8.4% for fiscal 2025. ERIE stock has a consensus “Moderate Buy” rating.

Shares of ERIE have dropped 19.8% over the past 52 weeks and 12.5% this year. In contrast, the S&P 500 Index has gained 19.3% over the past year. ERIE has also lagged behind the SPDR S&P Insurance ETF, which has gained 8.7% over the past 52 weeks.

On Aug. 7, Erie announced its second-quarter earnings, with shares rising 1.3% in the following trading session. Net income was $174.7 million, and revenue grew 7% to $1.06 billion. Analysts expect Erie Indemnity’s EPS to grow 8.4% to $12.44 for fiscal 2025. Earnings surprise history is mixed, with two beats and two misses in the last four quarters.

Read more at : Are Wall Street Analysts Bullish on Erie Indemnity Stock?