Earnings Preview: Assurant
Portfolio Pulse from Benzinga Insights
Assurant (NYSE:AIZ) is scheduled to release its quarterly earnings report on February 6, 2024, with an estimated EPS of $3.72. Historically, the company has surpassed EPS estimates, leading to significant share price movements. Last quarter, Assurant beat the EPS estimate by $1.71, resulting in an 11.81% share price increase the following day. Over the past year, Assurant's shares have risen by 23.92%, indicating a positive outlook among long-term shareholders.
February 05, 2024 | 5:01 pm
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POSITIVE IMPACT
Assurant is expected to report an EPS of $3.72 for the upcoming quarter. Historically, the company has exceeded EPS estimates, which has positively impacted its share price. Last quarter's beat by $1.71 led to an 11.81% increase in share price. Over the last year, shares have increased by 23.92%.
Given Assurant's history of surpassing EPS estimates and the subsequent positive reactions in its share price, it is likely that a similar outcome could occur if the company beats the EPS estimate again. The historical data provided shows a clear pattern of share price increases following earnings beats, suggesting a high relevance and importance of the upcoming earnings report to Assurant's stock.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100