Enact Holdings Q2 Adj EPS $1.10 Beats $0.82 Estimate, Sales $277.52M Miss $285.54M Estimate
Portfolio Pulse from totan@benzinga.com
Enact Holdings (NASDAQ:ACT) reported Q2 earnings of $1.10 per share, beating the analyst consensus estimate of $0.82 by 34.15%. However, this is a 12.7% decrease from the same period last year. The company's quarterly sales were $277.52 million, missing the analyst consensus estimate of $285.54 million by 2.81%, but showing a 1.46% increase from the same period last year.
August 04, 2023 | 10:27 am
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Enact Holdings beat Q2 earnings estimates but missed on sales. This mixed report may lead to uncertain short-term price movements.
Enact Holdings reported better than expected earnings but lower than expected sales. This mixed result could lead to uncertainty in the market, potentially causing short-term price volatility.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100