Donegal Gr Q4 Adj EPS $(0.11) Misses $0.19 Estimate, Sales $239.47M Beat $234.01M Estimate
Portfolio Pulse from Benzinga Newsdesk
Donegal Gr (NASDAQ:DGICA) reported Q4 adjusted EPS of $(0.11), missing the $0.19 estimate, a 222.22% decrease from last year. However, sales of $239.47M exceeded the $234.01M estimate, up 7.17% from the previous year.
February 22, 2024 | 11:32 am
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NEGATIVE IMPACT
Donegal Gr reported a significant miss in Q4 adjusted EPS at $(0.11) versus the $0.19 estimate, but sales exceeded expectations at $239.47M.
The significant miss in EPS is likely to negatively impact investor sentiment in the short term, overshadowing the positive sales report. The sharp decrease in earnings compared to the previous year further compounds concerns, potentially leading to a decrease in stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100