AMERISAFE Q2 Adj EPS $0.73 Beats $0.72 Estimate, Sales $75.66M Miss $76.20M Estimate
Portfolio Pulse from vinayak@benzinga.com
AMERISAFE (NASDAQ:AMSF) reported Q2 earnings of $0.73 per share, beating the analyst consensus estimate of $0.72 by 1.39%. This is a 7.35% increase from the same period last year. However, the company's quarterly sales of $75.66 million missed the analyst consensus estimate of $76.20 million by 0.71%. This is an 11.20% increase from the same period last year.
July 27, 2023 | 8:45 pm
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AMERISAFE's Q2 earnings beat estimates but sales missed. Earnings per share increased by 7.35% YoY, while sales increased by 11.20% YoY.
AMERISAFE's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect of these two factors is likely to be neutral in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100