Mercury General Q2 Adj EPS $(0.47) Beats $(0.48) Estimate, Sales $1.08B Beat $1.05B Estimate
Portfolio Pulse from Benzinga Newsdesk
Mercury General (NYSE:MCY) reported Q2 adjusted losses of $(0.47) per share, beating the analyst consensus estimate of $(0.48) by 2.08 percent. This is a 34.29 percent decrease over losses from the same period last year. The company also reported quarterly sales of $1.08 billion, beating the analyst consensus estimate of $1.05 billion by 3.44 percent, a 37.85 percent increase over sales from the same period last year.
August 04, 2023 | 10:22 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Mercury General's Q2 results beat estimates, with a decrease in losses and an increase in sales compared to the same period last year.
Mercury General's Q2 results exceeded analyst expectations, with a decrease in losses and an increase in sales compared to the same period last year. This could potentially lead to a positive short-term impact on the company's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100