CNO Finl Group Q1 2024 Adj EPS $0.52 Misses $0.65 Estimate, Sales $1.156B Beat $935.759M Estimate
Portfolio Pulse from Benzinga Newsdesk
CNO Financial Group reported Q1 2024 earnings of $0.52 per share, missing the consensus estimate of $0.65 by 20%. However, their quarterly sales of $1.156 billion exceeded expectations by 23.54%, marking a 14.91% increase from the previous year.
April 29, 2024 | 8:21 pm
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CNO Financial Group's Q1 2024 earnings per share were $0.52, missing estimates by 20%, but sales of $1.156 billion beat estimates by 23.54% and grew 14.91% YOY.
The miss in earnings per share (EPS) could negatively impact investor sentiment in the short term, suggesting a potential downside. However, the significant beat on sales and year-over-year growth indicates strong business performance, which could offset the negative impact of the EPS miss. The mixed results lead to a neutral short-term score, as the positive sales figures may balance out the negative earnings perception.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100