Donegal Gr Q3 Adj EPS $0.01 Misses $0.08 Estimate, Sales $233.93M Beat $229.91M Estimate
Portfolio Pulse from mahesh@benzinga.com
Donegal Gr (NASDAQ:DGICA) reported Q3 earnings of $0.01 per share, missing the analyst consensus estimate of $0.08 by 87.5%. However, the company reported quarterly sales of $233.93 million, beating the analyst consensus estimate of $229.91 million by 1.75%. This represents a 103.7% increase in earnings and a 9.91% increase in sales compared to the same period last year.
October 26, 2023 | 10:39 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Donegal Gr's Q3 earnings per share missed estimates by 87.5%, but sales beat estimates by 1.75%. This could have a mixed impact on the stock.
Donegal Gr's earnings miss could negatively impact the stock as it indicates weaker profitability. However, the sales beat could offset this as it shows stronger revenue growth. The net impact could be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100