Skyward Specialty Q1 2024 Adj EPS $0.75 Beats $0.63 Estimate, Sales $236.342M Miss $252.095M Estimate
Portfolio Pulse from Benzinga Newsdesk
Skyward Specialty (NASDAQ:SKWD) reported Q1 2024 adjusted EPS of $0.75, surpassing the $0.63 estimate, marking a 78.57% increase from last year. However, their sales of $236.342M fell short of the $252.095M estimate, despite being a 29.27% increase from the previous year.
May 01, 2024 | 9:39 pm
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Skyward Specialty reported a strong Q1 2024 EPS of $0.75, beating estimates, with a significant year-over-year growth but missed sales estimates.
The positive earnings beat suggests operational efficiency and profitability, which could be favorable for investor sentiment. However, the miss on sales forecasts may raise concerns about growth prospects and market expectations, potentially balancing out the stock's short-term movement.
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