Crawford & Company Common Stock Q1 2024 Adj EPS $0.13 Beats $0.12 Estimate, Sales $313.073M Beat $312.280M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crawford & Company (NYSE:CRD) reported Q1 2024 adjusted EPS of $0.13, surpassing the $0.12 estimate, with sales of $313.073M also beating the $312.280M forecast. This represents a 53.57% decrease in EPS from last year's $0.28, and a slight 0.03% increase in sales from $312.992M.
May 01, 2024 | 10:05 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Crawford & Company reported a Q1 2024 EPS of $0.13, beating estimates, with a slight sales increase to $313.073M. However, EPS saw a significant year-over-year decrease.
Beating both EPS and sales estimates typically has a positive short-term impact on a company's stock price. However, the significant decrease in EPS year-over-year might temper investor enthusiasm, suggesting a cautious optimism for CRD's stock in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100