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
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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.
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