Universal Insurance Hldgs Q4 2023 Adj EPS $0.43 Beats $0.25 Estimate, Sales $375.46M Beat $328.12M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Insurance Holdings (UVE) reported Q4 2023 adjusted EPS of $0.43, surpassing the $0.25 estimate, with sales of $375.46M exceeding the $328.12M forecast. This represents a 13.65% increase in sales compared to the same period last year.
February 22, 2024 | 9:39 pm
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Universal Insurance Holdings reported a significant beat on both EPS and sales estimates for Q4 2023, indicating strong financial performance.
Beating both EPS and sales estimates by a wide margin suggests that Universal Insurance Holdings is performing better than expected, which could lead to increased investor confidence and a potential rise in stock price in the short term.
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