American Finl Gr Q2 Adj $2.38 Misses $2.78 Estimate, Sales $1.51B Miss $1.60B Estimate
Portfolio Pulse from Benzinga Newsdesk
American Financial Group (AFG) reported Q2 earnings of $2.38 per share, missing the analyst consensus estimate of $2.78 by 14.39%. This is a 16.49% decrease from the same period last year. The company also reported quarterly sales of $1.51 billion, missing the analyst consensus estimate of $1.60 billion by 5.81%. However, this is an 8.18% increase from the same period last year.
August 04, 2023 | 12:20 pm
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NEGATIVE IMPACT
AFG's Q2 earnings and sales missed analyst estimates, which could negatively impact the stock price in the short term.
AFG's earnings and sales for Q2 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially driving the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100