National Western Life Q2 EPS $8.38 Down From $8.70 YoY, Sales $186.12M Up From $117.16M YoY
Portfolio Pulse from Benzinga Newsdesk
National Western Life (NASDAQ:NWLI) reported Q2 earnings of $8.38 per share, a 3.68% decrease YoY. However, the company's sales increased by 58.86% to $186.12 million compared to $117.16 million in the same period last year.
August 08, 2023 | 8:59 pm
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NEUTRAL IMPACT
National Western Life's Q2 earnings per share decreased by 3.68% YoY, but sales increased by 58.86% YoY.
While the decrease in earnings per share might negatively impact the stock price, the significant increase in sales could offset this impact. Therefore, the overall short-term impact on NWLI's stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100