Conifer Holdings Q2 Adj EPS $(0.39), Inline, Sales $23.18M Miss $26.02M Estimate
Portfolio Pulse from saritha@benzinga.com
Conifer Holdings (NASDAQ:CNFR) reported Q2 losses of $(0.39) per share, in line with analyst consensus. However, the company's quarterly sales of $23.18 million missed the analyst consensus estimate of $26.02 million by 10.90 percent. This represents a 5.67 percent decrease over sales from the same period last year.
August 09, 2023 | 9:04 pm
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Conifer Holdings' Q2 earnings were in line with estimates, but sales missed estimates by 10.90 percent, which could negatively impact the stock in the short term.
While Conifer Holdings' Q2 earnings were in line with estimates, the company's sales missed estimates by a significant margin. This could lead to a negative reaction from investors, potentially driving the stock price down in the short term.
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