Selective Insurance Gr Q1 2024 Adj EPS $1.33 Misses $1.86 Estimate, Sales $1.165B Beat $1.121B Estimate
Portfolio Pulse from Benzinga Newsdesk
Selective Insurance Gr (NASDAQ:SIGI) reported Q1 2024 earnings of $1.33 per share, missing the $1.86 estimate, a 7.64% decrease from last year. Sales were $1.165B, beating the $1.121B estimate, a 16.52% increase from last year.
May 01, 2024 | 9:27 pm
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Selective Insurance Gr reported Q1 2024 earnings of $1.33 per share, missing estimates, with sales of $1.165B, exceeding expectations.
The earnings miss could negatively impact investor sentiment, but the sales beat might offset this by indicating strong revenue growth. The mixed results present a neutral short-term outlook for SIGI's stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100