Earnings Outlook For Intl General Insurance
Portfolio Pulse from Benzinga Insights
Intl General Insurance (NASDAQ:IGIC) is scheduled to release its quarterly earnings report on March 12, 2024. Analysts predict an EPS of $0.71. The company's historical performance shows consistent earnings beats, with a notable 7.5% share price increase following last quarter's results. Shares have risen 55.56% over the past year, indicating positive sentiment among long-term investors.
March 11, 2024 | 3:02 pm
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POSITIVE IMPACT
Intl General Insurance is expected to report an EPS of $0.71 for the upcoming quarter. Historical data shows positive stock price reactions to earnings beats.
Given IGIC's history of exceeding EPS estimates and the subsequent positive stock price reactions, it's likely that another earnings beat could lead to a short-term price increase. The company's consistent performance and the positive trend in its share price over the past year further support this outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100