Donegal Gr Q1 2024 GAAP EPS $0.18 Misses $0.27 Estimate, Net Premiums Earned Increased 5.8% To $227.7M
Portfolio Pulse from Benzinga Newsdesk
Donegal Gr reported Q1 2024 GAAP EPS of $0.18, missing the consensus estimate of $0.27 by 33.33%. Net premiums earned increased by 5.8% to $227.7M.
April 25, 2024 | 10:32 am
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Donegal Gr reported a Q1 2024 GAAP EPS of $0.18, missing the consensus estimate of $0.27 by 33.33%, but saw a 5.8% increase in net premiums earned to $227.7M.
Missing the EPS estimate by 33.33% is likely to negatively impact investor sentiment and the stock price in the short term, despite the increase in net premiums earned. The significant miss in earnings expectations is a critical factor for investors, overshadowing the positive aspect of revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100