EMC Insurance Group (EMCI) Misses Q2 EPS by 13c, Slight Miss on Revenues; Reaffirms FY17 EPS Outlook

EMC Insurance Group (NASDAQ: EMCI) reported Q2 EPS of $0.16, $0.13 worse than the analyst estimate of $0.29. Revenue for the quarter came in at $160.76 million versus the consensus estimate of $160.99 million.

Second Quarter Ended June 30, 2017

• Net Income Per Share – $0.26
• Non-GAAP Operating Income Per Share* – $0.16
• Net Realized Investment Gains Per Share – $0.10
• Catastrophe and Storm Losses Per Share – $0.46
• GAAP Combined Ratio – 104.1 percent
• Reaffirming 2017 non-GAAP operating income guidance* of $1.35 to $1.55 per share

GUIDANCE:

EMC Insurance Group sees FY2017 EPS of $1.35-$1.55, versus the consensus of $1.42.

For earnings history and earnings-related data on EMC Insurance Group (EMCI) click here.

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