Can Selective Insurance (SIGI) Keep the Earnings Streak Alive? (Revised) – Tale of the Tape

The company has surpassed the Zacks Consensus Estimate in each of the trailing four quarters with an average beat of 44.78%. In the last reported quarter, Selective Insurance posted earnings of 72 cents, substantially higher than the Zacks Consensus Estimate of 64 cents as a result of robust performance by all its business segments.

However, our proven model does not conclusively show that Selective Insurance is likely to beat earnings estimates in the upcoming quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen.

Currently, Selective Insurance carries a favorable Zacks Rank #2 but its Earnings ESP of 0.00% decreases the predicting power.

(We are reissuing this article to correct a mistake. The original article, issued on Feb 10, 2015, should no longer be relied upon.)