Enact Holdings Q4 Adj $0.98 Beats $0.92 Estimate, Total revenues $296.19M Miss $299.81M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enact Holdings (NASDAQ:ACT) reported Q4 earnings of $0.98 per share, surpassing the $0.92 estimate, marking an 8.89% increase from last year. However, their Q4 sales of $296.19M fell short of the $299.81M estimate, despite being a 6.99% increase from the previous year.
February 06, 2024 | 9:22 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Enact Holdings reported higher than expected Q4 earnings at $0.98 per share, a 8.89% YOY increase, but missed revenue estimates with $296.19M, a 6.99% YOY increase.
The positive earnings beat by Enact Holdings (ACT) suggests a strong financial performance, likely leading to a positive short-term impact on its stock price. However, the slight miss on revenue estimates could temper some of the positive momentum, making the overall impact moderately positive.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100