Insurance holding company Kemper (NYSE: KMPR) will be reporting results this Wednesday after the bell. Here’s what to expect.
Kemper missed analysts’ revenue expectations last quarter, reporting revenues of $1.11 billion, down 6.9% year on year. It was a disappointing quarter for the company, with a significant miss of analysts’ net premiums earned estimates and a significant miss of analysts’ EPS 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 4.5% year on year, a reversal from the 8.9% 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 Q2 results, giving us a hint as to what we can expect. Hartford delivered year-on-year revenue growth of 8.1%, meeting analysts’ expectations, and Chubb reported revenues up 6.5%, topping estimates by 2.9%. Hartford traded down 1.2% following the results while Chubb was also down 3.3%.
Read our full analysis of Hartford’s results here and Chubb’s results here.
Investors in the insurance segment have had steady hands going into earnings, with share prices up 1.3% on average over the last month. Kemper is up 1.7% during the same time and is heading into earnings with an average analyst price target of $51 (compared to the current share price of $29.30).
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