Stewart Information Servs Q4 2023 Adj EPS $0.60 Beats $0.53 Estimate, Sales $582.17M Beat $570.93M Estimate
Portfolio Pulse from Benzinga Newsdesk
Stewart Information Servs (NYSE:STC) reported Q4 2023 adjusted EPS of $0.60, surpassing the $0.53 estimate, and sales of $582.17M, exceeding the $570.93M estimate. However, this represents a 28.57% decrease in earnings and an 11.24% decrease in sales from the same period last year.
February 07, 2024 | 9:41 pm
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Stewart Information Servs reported higher-than-expected Q4 2023 earnings and sales, with an EPS of $0.60 and sales of $582.17M, beating estimates.
Beating both earnings and sales estimates typically has a positive impact on a company's stock price in the short term. However, the year-over-year declines in earnings and sales might temper investor enthusiasm, leading to a cautious optimism.
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