WR Berkley Q3 EPS $1.35 Beats $1.18 Estimate, Sales $3.03B Miss $3.07B Estimate
Portfolio Pulse from Happy Mohamed
WR Berkley reported Q3 earnings of $1.35 per share, beating the analyst consensus estimate of $1.18 by 14.41%. This is a 33.66% increase from the same period last year. However, the company's quarterly sales of $3.03 billion missed the analyst consensus estimate of $3.07 billion by 1.28%, though it's an 11.26% increase from last year.
October 23, 2023 | 8:11 pm
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NEUTRAL IMPACT
WR Berkley's Q3 earnings beat estimates but sales missed. Earnings per share were $1.35, up 33.66% YoY, while sales were $3.03B, missing estimates by 1.28% but up 11.26% YoY.
WR Berkley's Q3 earnings beat analyst estimates, which is positive for the stock. However, the company's sales missed estimates, which is negative. The net effect on the stock price in the short term is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100