Everest Group Q2 Adj EPS $15.21 Beats $11.64 Estimate, Sales $3.25B Miss $3.46B Estimate
Portfolio Pulse from Benzinga Newsdesk
Everest Group (NYSE:EG) reported Q2 adjusted earnings of $15.21 per share, beating the analyst consensus estimate of $11.64 by 30.67%. This is a 55.36% increase from the same period last year. However, the company's quarterly sales of $3.25 billion missed the analyst consensus estimate of $3.46 billion by 6.04%, but still represents an 11.49% increase from the same period last year.
July 26, 2023 | 8:21 pm
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Everest Group's Q2 earnings beat estimates, but sales missed expectations. This mixed result could lead to uncertain short-term price movements.
Everest Group's earnings beat estimates, which is a positive signal for investors and could drive the stock price up. However, the company's sales missed estimates, which could negatively impact the stock price. The mixed results make the short-term price direction uncertain.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100