Genworth Finl Q4 2023 Adj EPS $(0.51) Misses $0.19 Estimate, Sales $1.91B Up From $1.90B YoY
Portfolio Pulse from Benzinga Newsdesk
Genworth Financial (GNW) reported a Q4 2023 adjusted EPS of $(0.51), missing the analyst consensus estimate of $0.19 by 368.42%. Sales were $1.91B, a slight increase from $1.90B YoY.
February 21, 2024 | 10:00 pm
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NEGATIVE IMPACT
Genworth Financial reported a significant miss in Q4 2023 adjusted EPS and a marginal increase in sales.
The significant miss in the EPS estimate is likely to negatively impact investor sentiment and could lead to a short-term decrease in GNW's stock price. The slight increase in sales may not be sufficient to offset the negative impact of the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100