Workers' compensation insurer Employers Holdings (NYSE: EIG) will be reporting earnings this Wednesday afternoon. Here’s what to look for.

Employers Holdings beat analysts’ revenue expectations last quarter, reporting revenues of $220.2 million, down 10.6% year on year. It was a strong quarter for the company, with a beat of analysts’ EPS estimates.

Is Employers Holdings 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 Employers Holdings’s revenue to decline 20% year on year, a reversal from the 6.8% 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. Employers Holdings has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Employers Holdings’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. RLI delivered year-on-year revenue growth of 5.3%, beating analysts’ expectations by 0.5%, and Travelers reported flat revenue, topping estimates by 0.7%. RLI traded up 2.5% following the results while Travelers’s stock price was unchanged.

Read our full analysis of RLI’s results here and Travelers’s results here.

There has been positive sentiment among investors in the property & casualty insurance segment, with share prices up 5.7% on average over the last month. Employers Holdings is up 9% during the same time and is heading into earnings with an average analyst price target of $54 (compared to the current share price of $52.07).

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