Reinsurance Gr Q2 EPS $4.40 Beats $4.14 Estimate, Sales $4.16B Miss $4.28B Estimate
Portfolio Pulse from Benzinga Newsdesk
Reinsurance Gr (NYSE:RGA) reported Q2 earnings of $4.40 per share, beating the analyst consensus estimate of $4.14 by 6.28%. However, this is a 23.88% decrease from the same period last year. The company's quarterly sales were $4.16 billion, missing the analyst consensus estimate of $4.28 billion by 2.90%, but showing a 6.92% increase from the same period last year.
August 04, 2023 | 2:30 pm
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NEUTRAL IMPACT
Reinsurance Gr's Q2 earnings beat estimates but are down YoY. Sales missed estimates but are up YoY.
Reinsurance Gr's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The YoY increase in sales is a positive factor. Overall, the impact on the stock is neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100