Selective Insurance Gr Q2 EPS $0.99 Misses $1.14 Estimate, Sales $1.08B Beat $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Selective Insurance Gr (NASDAQ:SIGI) reported Q2 earnings of $0.99 per share, missing the analyst consensus estimate of $1.14 by 13.16 percent. This is a 15.38 percent decrease from the same period last year. However, the company reported quarterly sales of $1.08 billion, beating the analyst consensus estimate of $1.03 billion by 5.34 percent, a 16.58 percent increase from last year.
August 04, 2023 | 12:09 pm
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Selective Insurance Gr's Q2 earnings missed estimates but sales exceeded expectations. This mixed result could lead to uncertain short-term price movements.
Selective Insurance Gr's earnings miss could negatively impact the stock price, but the sales beat could offset this. The mixed result makes it difficult to predict the short-term price direction.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100