Kemper Q1 Adj $1.07 Misses $1.09 Estimate, Sales $1.14B Beat $988.37M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kemper (NYSE:KMPR) reported Q1 earnings of $1.07 per share, missing the consensus estimate of $1.09, but showed a significant improvement over last year's loss of $(1.02) per share. Sales reached $1.14 billion, exceeding expectations of $988.37 million, despite a decrease from last year's $1.29 billion.
May 01, 2024 | 8:13 pm
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Kemper reported Q1 earnings below estimates but showed significant year-over-year improvement and exceeded revenue forecasts.
While Kemper's earnings per share missed the analyst consensus, the significant improvement from last year's loss and the substantial beat on revenue expectations could be seen positively by investors. However, the miss on earnings per share and the year-over-year decrease in sales might temper optimism, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100