ProAssurance Q4 2023 Adj EPS $(0.05) Misses $0.06 Estimate, Sales $247.33M Beat $233.09M Estimate
Portfolio Pulse from Benzinga Newsdesk
ProAssurance reported Q4 2023 adjusted EPS of $(0.05), missing the $0.06 estimate, but sales of $247.33M exceeded the $233.09M estimate. This represents a 4.23% decrease in sales compared to the same period last year.
February 27, 2024 | 9:36 pm
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NEGATIVE IMPACT
ProAssurance's Q4 2023 earnings missed EPS estimates but beat sales forecasts, with a year-over-year decrease in sales.
Missing the EPS estimate by a significant margin (183.33%) is likely to negatively impact investor sentiment and the stock price in the short term. However, beating sales estimates might offset some of the negative impact. The year-over-year decrease in sales further contributes to a negative outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100