Stewart Information Servs Q3 Adj. EPS $0.86 Beats $0.68 Estimate, Sales $601.70M Beat $579.33M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stewart Information Servs (NYSE:STC) reported Q3 earnings of $0.86 per share, beating the analyst consensus estimate of $0.68 by 26.47%. However, this is a 37.23% decrease from the same period last year. The company also reported quarterly sales of $601.70 million, beating the analyst consensus estimate of $579.33 million by 3.86%, but this is a 16.01% decrease from the same period last year.
October 25, 2023 | 8:45 pm
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NEUTRAL IMPACT
Stewart Information Servs beat Q3 earnings and sales estimates but reported decreases from the same period last year.
While Stewart Information Servs beat Q3 earnings and sales estimates, the year-on-year decreases in both earnings and sales could potentially offset the positive impact of beating estimates. This could lead to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100