Erie Indemnity Q4 EPS $2.12 Beats $2.02 Estimate, Sales $817.67M Beat $772.57M Estimate
Portfolio Pulse from Benzinga Newsdesk
Erie Indemnity (NASDAQ:ERIE) reported Q4 earnings of $2.12 per share, surpassing the $2.02 estimate, marking a 69.6% increase from last year. Sales reached $817.67M, exceeding the $772.57M estimate, up 16.70% from the previous year.
February 26, 2024 | 9:17 pm
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Erie Indemnity reported a significant beat on both earnings per share and sales for Q4, with EPS at $2.12 against a $2.02 estimate and sales of $817.67M against a $772.57M estimate.
The substantial beat on both earnings per share and sales estimates for Q4 indicates strong financial performance and operational efficiency. This outperformance, especially with a significant year-over-year growth in earnings and sales, is likely to positively influence investor sentiment and potentially lead to a short-term uptick in ERIE's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100