Conifer Holdings Q4 Adj $(1.59) May Not Compare To $(0.02) Estimate, Sales $14.82M Miss $15.46M Estimate
Portfolio Pulse from Benzinga Newsdesk
Conifer Holdings (NASDAQ:CNFR) reported a significant miss in Q4 earnings and sales against analyst estimates. The company's losses widened to $(1.59) per share from $(0.10) a year ago, missing the $(0.02) estimate by 7850%. Sales fell 36.18% year-over-year to $14.82M, missing the $15.46M estimate.
April 04, 2024 | 8:25 pm
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NEGATIVE IMPACT
Conifer Holdings reported a significant miss in Q4 earnings and sales, with losses widening substantially from the previous year.
The substantial miss in both earnings and sales compared to analyst estimates, coupled with a significant year-over-year decline in performance, is likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100