AMERISAFE Q2 EPS $0.73 Beats $0.72 Estimate, Sales $75.66M Miss $76.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
AMERISAFE (NASDAQ:AMSF) reported Q2 earnings of $0.73 per share, beating the analyst consensus estimate of $0.72 by 1.39%. However, the company's quarterly sales of $75.66 million missed the analyst consensus estimate of $76.20 million by 0.71%. This represents a 7.35% increase in earnings and a 11.20% increase in sales compared to the same period last year.
July 27, 2023 | 8:44 pm
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NEUTRAL IMPACT
AMERISAFE's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
AMERISAFE's earnings beat could boost investor confidence, but the sales miss might temper enthusiasm. The net impact on the stock price is uncertain in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100