Kingstone Companies Q4 2023 Adj EPS $0.15 Beats $(0.08) Estimate, Sales $28.683M Miss $29.646M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kingstone Companies (NASDAQ:KINS) reported Q4 2023 adjusted EPS of $0.15, surpassing the $(0.08) estimate, but missed sales estimates with $28.683M against the expected $29.646M. This represents a 5.80% decrease in sales compared to the same period last year.
March 27, 2024 | 8:57 pm
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Kingstone Companies reported a strong EPS of $0.15, beating estimates, but missed on sales with $28.683M for Q4 2023.
The positive earnings surprise could lead to a short-term positive sentiment among investors, offset by the slight miss in sales expectations. The mixed results make the short-term impact on the stock price uncertain, hence a neutral score.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100