Kinsale Cap Gr Q3 Adj EPS $3.31 Beats $2.84 Estimate, Sales $314.37M Miss $322.40M Estimate
Portfolio Pulse from saritha@benzinga.com
Kinsale Cap Gr (NYSE:KNSL) reported Q3 earnings of $3.31 per share, beating the analyst consensus estimate of $2.84 by 16.55%. This is a 101.83% increase from the same period last year. However, the company's quarterly sales of $314.37 million missed the analyst consensus estimate of $322.40 million by 2.49%, despite a 44.90% increase from the same period last year.
October 26, 2023 | 8:20 pm
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Kinsale Cap Gr's Q3 earnings beat estimates, but sales missed expectations. This mixed result could lead to uncertainty in the stock's short-term performance.
Kinsale Cap Gr's earnings beat estimates, which is typically a positive signal for the stock. However, the company's sales missed estimates, which could offset some of the positive sentiment. This mixed result could lead to uncertainty in the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100