Mercury General Shares Jump 4.79% Weekly, Earnings Estimate Up to $9.00
Mercury General shares rose 4.79% last week and have gained 66.72% over the past year, outperforming the P&C industry averages of 1.22% weekly and 16.82% annually in the S&P 500. Consensus full-year earnings estimates increased from $8.40 to $9.00 in the past 60 days, boosting its Momentum Style Score to B and Zacks Rank to #1.
1. Recent Price Performance
Mercury General shares rose 4.79% over the past week and 3.38% over the past month, surpassing the insurance industry’s 1.22% and 2.85% gains respectively. Over the trailing year, the stock has jumped 66.72% versus a 16.82% rise in the S&P 500.
2. Earnings Estimate Revisions
Analysts have revised full-year earnings projections upward from $8.40 to $9.00 in the last 60 days, with no lowered estimates recorded. Next fiscal year estimates have also seen upward revisions, underlining positive analyst sentiment.
3. Style Score and Zacks Rank
MCY holds a Momentum Style Score of B and a Zacks Rank of #1 (Strong Buy), indicators linked to significant one-month outperformance. Its 20-day average trading volume of 343,824 shares further underscores growing investor interest and momentum.