Kinsale Cap Gr Q1 2024 Adj EPS $3.50 Beats $3.34 Estimate, Sales $372.791M Beat $353.570M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kinsale Capital Group (KNSL) reported Q1 2024 adjusted EPS of $3.50, surpassing the $3.34 estimate, and sales of $372.791M, exceeding the $353.570M estimate. This represents a 43.44% increase in earnings and a 45.09% increase in sales compared to the same period last year.
April 25, 2024 | 8:42 pm
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Kinsale Capital Group (KNSL) reported a significant beat on both earnings and sales estimates for Q1 2024, with a notable year-over-year growth.
Kinsale Capital Group's reported earnings and sales for Q1 2024 not only surpassed analyst expectations but also showed substantial growth compared to the previous year. This positive performance is likely to instill investor confidence and could lead to a short-term uptick in KNSL's stock price, given the better-than-expected financial results and the significant year-over-year growth.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100