AMERISAFE Q4 2023 Adj EPS $0.74 Beats $0.71 Estimate, Sales $80.12M Beat $75.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
AMERISAFE reported Q4 2023 adjusted EPS of $0.74, surpassing the $0.71 estimate, with sales of $80.12M exceeding the $75.15M forecast. This represents a 0.45% increase in sales compared to the same period last year.
February 21, 2024 | 9:21 pm
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POSITIVE IMPACT
AMERISAFE's Q4 2023 earnings and sales exceeded analyst estimates, with a slight year-over-year sales increase.
Beating both earnings and sales estimates typically generates positive investor sentiment, likely leading to a short-term uptick in stock price. The year-over-year sales growth, although modest, further reinforces the company's growth trajectory.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100