Skyward Specialty Q4 2023 Adj EPS $0.61 Beats $0.57 Estimate, Sales $224.93M Miss $245.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Skyward Specialty (NASDAQ:SKWD) reported Q4 2023 adjusted EPS of $0.61, surpassing the $0.57 estimate, marking a 69.44% increase from last year. However, its sales of $224.93M fell short of the $245.61M estimate, despite a 32.20% increase from the previous year.
February 20, 2024 | 9:48 pm
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Skyward Specialty reported a Q4 2023 adjusted EPS of $0.61, beating estimates, with a significant year-over-year increase, but missed sales estimates despite growth.
The mixed results with an earnings beat but a miss on sales forecasts could lead to neutral short-term stock price movement. The significant year-over-year growth in both earnings and sales highlights the company's growth trajectory, which might offset the negative impact of missing sales estimates.
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