Recap: Enact Holdings Q4 Earnings
Portfolio Pulse from Benzinga Insights
Enact Holdings (NASDAQ:ACT) reported Q4 earnings, beating estimates with an EPS of $0.98 against the expected $0.92, a 6.52% beat. Revenue increased by $19.35 million from the same period last year. The company has a history of surpassing EPS estimates, which in the past has led to a positive impact on its share price the following day.
February 06, 2024 | 9:25 pm
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Enact Holdings reported a Q4 EPS of $0.98, surpassing the estimate of $0.92, and saw a revenue increase of $19.35 million from the previous year. The company has a track record of exceeding EPS estimates, which has previously led to positive stock price movements.
Given Enact Holdings' history of surpassing earnings estimates and the positive correlation between past earnings beats and subsequent stock price increases, it is likely that the company's stock price will experience a short-term uptick. The reported earnings beat by 6.52% and the significant year-over-year revenue growth are key factors that could drive investor optimism and lead to a positive stock price movement.
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