Recap: Intl General Insurance Q4 Earnings
Portfolio Pulse from Benzinga Insights
Intl General Insurance (NASDAQ:IGIC) reported Q4 earnings with an EPS of $0.65, missing estimates by -8.0% against an expected $0.71. Revenue increased by $17.90 million from the previous year. Despite past quarters showing varied performance, this quarter's miss and the provided guidance of $0.65 EPS for Q4 2023 could influence investor sentiment.
March 12, 2024 | 8:35 pm
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Intl General Insurance reported a Q4 earnings miss with an EPS of $0.65, missing the estimate by -8.0%. Revenue increased by $17.90 million YOY. The company has provided an EPS guidance of $0.65 for Q4 2023.
The earnings miss by Intl General Insurance is likely to negatively impact investor sentiment in the short term, especially considering the company's past performance and the set guidance matching the missed EPS. Historically, earnings misses can lead to a decrease in stock price, although the increase in revenue and the company's ability to meet its own guidance in the past may mitigate some negative effects.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100