American Equity Inv Q2 EPS $1.62 Misses $1.65 Estimate, Sales $542.68M Miss $555.03M Estimate
Portfolio Pulse from Benzinga Newsdesk
American Equity Inv (NYSE:AEL) reported Q2 earnings of $1.62 per share, missing the analyst consensus estimate of $1.65 by 1.82%. The company also reported quarterly sales of $542.68 million, missing the analyst consensus estimate of $555.03 million by 2.22%. This represents a 65.31% increase in earnings but an 8.38% decrease in sales compared to the same period last year.
August 07, 2023 | 8:29 pm
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NEGATIVE IMPACT
American Equity Inv's Q2 earnings and sales missed estimates, which could negatively impact the stock price in the short term.
American Equity Inv's earnings and sales missed analyst estimates, which is typically seen as a negative signal by the market. This could lead to a decrease in the stock price in the short term. However, the company's earnings have increased compared to the same period last year, which could mitigate some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100