SiriusPoint Q1 2024 GAAP EPS $0.49 Down From $0.78 YoY, Sales $685.500M Up From $678.100M YoY
Portfolio Pulse from Benzinga Newsdesk
SiriusPoint (NYSE:SPNT) reported a decrease in Q1 2024 GAAP EPS to $0.49 from $0.78 YoY, while sales slightly increased to $685.5M from $678.1M YoY.
April 30, 2024 | 8:53 pm
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SiriusPoint reported a 37.18% decrease in EPS to $0.49 from $0.78 YoY for Q1 2024, with a slight sales increase to $685.5M from $678.1M.
The decrease in EPS indicates a significant drop in profitability YoY, which could concern investors. However, the slight increase in sales shows some positive momentum in revenue. The mixed results present a neutral short-term outlook for SPNT's stock price, as investors may weigh the lower profitability against the slight revenue growth.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100