Essent Group Q4 EPS $1.64 Beats $1.59 Estimate, Sales $297.28M Beat $286.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Essent Group (NYSE:ESNT) reported Q4 earnings of $1.64 per share, surpassing the $1.59 estimate, marking a 19.71% increase from last year. Sales reached $297.28M, exceeding the $286.18M estimate, a 29.23% increase from the previous year.
February 09, 2024 | 11:32 am
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Essent Group reported a significant beat on both earnings per share and sales for Q4, indicating strong financial performance.
Beating both earnings and sales estimates usually leads to positive investor sentiment and can result in a short-term stock price increase. The substantial year-over-year growth in both metrics further strengthens the case for a positive impact.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100