Assured Guaranty Q2 EPS $0.60 Misses $1.14 Estimate, Sales $360.00M Beat $172.20M Estimate
Portfolio Pulse from Benzinga Newsdesk
Assured Guaranty (NYSE:AGO) reported Q2 earnings of $0.60 per share, missing the analyst consensus estimate of $1.14 by 47.37%. However, the company reported quarterly sales of $360.00 million, beating the analyst consensus estimate of $172.20 million by 109.06%. This represents a 30.43% increase in earnings and a 339.02% increase in sales compared to the same period last year.
August 08, 2023 | 8:24 pm
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NEUTRAL IMPACT
Assured Guaranty's Q2 earnings per share missed analyst estimates by 47.37%, but sales exceeded expectations by 109.06%. This could lead to mixed market reactions.
While the earnings miss could negatively impact the stock, the significant beat on sales could offset this impact. The overall market reaction could be mixed due to these contrasting factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100