Greenlight Capital Re: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Greenlight Capital Re (NASDAQ:GLRE) reported its Q3 earnings, beating estimated earnings by 230.0% with an EPS of $0.39 versus an estimate of $-0.3. Revenue was up $40.20 million from the same period last year. Last quarter, the company beat on EPS by $0.37, which was followed by a 6.27% increase in the share price the next day.
November 08, 2023 | 9:40 pm
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Greenlight Capital Re reported strong Q3 earnings, significantly beating estimates. This follows a trend from last quarter, where a beat on EPS led to a 6.27% increase in share price.
Greenlight Capital Re reported a significant beat on earnings estimates, which is likely to be viewed positively by the market. This follows a trend from last quarter, where a beat on EPS led to a 6.27% increase in share price. Given this pattern, it's reasonable to expect a positive short-term impact on the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100