Enact Holdings's Earnings: A Preview
Portfolio Pulse from Benzinga Insights
Enact Holdings (NASDAQ:ACT) is scheduled to release its quarterly earnings report on February 6, 2024, with analysts expecting an EPS of $0.92. The company's past earnings performance shows a history of beating EPS estimates, which has sometimes led to positive stock price movements. Shares of Enact Holdings have increased by 19.94% over the last 52 weeks, trading at $28.0 as of February 2. Investors are looking forward to not only the earnings results but also the company's guidance for future growth.
February 05, 2024 | 5:01 pm
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POSITIVE IMPACT
Enact Holdings is expected to report an EPS of $0.92 for the upcoming quarter. Historical data shows positive stock movements following earnings beats. Shares have risen 19.94% over the last year, indicating strong investor confidence.
Given Enact Holdings' history of beating EPS estimates and the subsequent positive stock price movements, there is a strong likelihood of a positive short-term impact on ACT's stock price if the company beats the EPS estimate again and provides optimistic future guidance. The 19.94% year-over-year increase in share price further supports investor confidence in the company's performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100