Radian Group Q4 2023 Adj EPS $0.96 Beats $0.87 Estimate, Sales $232.65M Miss $254.58M Estimate
Portfolio Pulse from Benzinga Newsdesk
Radian Group (RDN) reported Q4 2023 adjusted EPS of $0.96, surpassing the $0.87 estimate, but its sales of $232.65M fell short of the $254.58M estimate, marking a slight 0.08% decrease from the previous year.
February 07, 2024 | 9:47 pm
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Radian Group's Q4 2023 earnings beat EPS estimates but missed on sales, with a minor year-over-year decrease.
While Radian Group's earnings per share exceeded expectations, the miss on sales forecasts and the slight year-over-year decrease in sales could lead to mixed reactions in the short term. The positive EPS surprise may support the stock price, but the sales miss and slight decrease in sales compared to the previous year could temper gains. Therefore, a neutral impact is anticipated in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100