Skyward Specialty Q2 Adj EPS $0.42 Beats $0.40 Estimate, Sales $210.52M Beat $194.63M Estimate
Portfolio Pulse from Benzinga Newsdesk
Skyward Specialty (NASDAQ:SKWD) reported Q2 adjusted earnings of $0.42 per share, beating the analyst consensus estimate of $0.40 by 5%. However, this is a 16% decrease from the same period last year. The company also reported quarterly sales of $210.52 million, surpassing the analyst consensus estimate of $194.63 million by 8.16%.
August 08, 2023 | 8:18 pm
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NEUTRAL IMPACT
Skyward Specialty's Q2 earnings and sales beat analyst estimates, but earnings are down 16% YoY. This mixed result could lead to uncertain short-term price movements.
While beating estimates is generally positive for a stock, the 16% YoY decrease in earnings could temper investor enthusiasm. This mixed result could lead to uncertain short-term price movements.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100