Universal Insurance Hldgs Q1 2024 Adj EPS $1.07 Beats $1.04 Estimate, Sales $367.959M Beat $336.086M Estimate
Portfolio Pulse from Benzinga Newsdesk
Universal Insurance Holdings (UVE) reported Q1 2024 adjusted EPS of $1.07, surpassing the $1.04 estimate, and sales of $367.959M, exceeding the $336.086M estimate. This represents a 35.44% increase in earnings and a 16.26% increase in sales from the same period last year.
April 25, 2024 | 8:48 pm
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Universal Insurance Holdings reported a strong Q1 2024 with earnings and sales surpassing estimates, indicating robust financial health and growth.
The significant beat on both earnings per share and sales estimates, coupled with the year-over-year growth in these metrics, suggests a positive outlook for UVE. This performance could lead to increased investor confidence and a potential uptick in the stock price in the short term.
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