Specialty insurance company Markel Group (NYSE: MKL) will be reporting results this Wednesday after the bell. Here’s what to expect.

Markel Group beat analysts’ revenue expectations last quarter, reporting revenues of $4.02 billion, flat year on year. It was a slower quarter for the company, with a significant miss of analysts’ EPS estimates and a slight miss of analysts’ book value per share estimates.

Is Markel Group 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 Markel Group’s revenue to decline 3.9% year on year, a reversal from the 6.5% 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. Markel Group has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Markel Group’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. Markel Group is up 7.6% during the same time and is heading into earnings with an average analyst price target of $1,952 (compared to the current share price of $1,873).

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