Donegal Gr Q1 Adj $0.12 Misses $0.23 Estimate, Sales $241.14M Beat $236.61M Estimate
Portfolio Pulse from Benzinga Newsdesk
Donegal Gr (NASDAQ:DGICA) reported Q1 adjusted earnings of $0.12 per share, missing the $0.23 estimate, and sales of $241.14M, beating the $236.61M estimate. Earnings per share decreased by 29.41% from the same period last year, while sales increased by 7.29%.
April 25, 2024 | 10:33 am
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Donegal Gr reported Q1 adjusted EPS of $0.12, missing estimates by 47.83%, with sales of $241.14M beating estimates. EPS decreased by 29.41% YOY, while sales increased by 7.29%.
The significant miss in earnings per share (EPS) expectations is likely to negatively impact investor sentiment and the stock price in the short term, despite the sales beat. The decrease in EPS year-over-year further compounds concerns about the company's profitability.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100