Safety Insurance Group Q2 EPS $0.80 Misses $1.20 Estimate, Sales $202.22M Up From $188.33M YoY
Portfolio Pulse from Benzinga Newsdesk
Safety Insurance Group (NASDAQ:SAFT) reported Q2 earnings of $0.80 per share, missing the analyst consensus estimate of $1.20 by 33.33%. This is a 58.12% decrease from the same period last year. The company reported $202.22 million in sales, a 7.38% increase YoY.
August 04, 2023 | 12:24 pm
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Safety Insurance Group's Q2 earnings missed estimates by 33.33%, a significant decrease from last year. However, sales increased by 7.38% YoY.
The company's earnings missed the analyst consensus estimate by a significant margin, which is likely to negatively impact the stock price. However, the increase in sales could potentially offset some of this negative impact.
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