Crawford & Company Common Stock Q1 2024 Adj EPS $0.13 Misses $0.17 Estimate, Sales $313.073M Beat $307.958M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crawford & Company (CRD) reported Q1 2024 adjusted EPS of $0.13, missing the $0.17 estimate, a 53.57% decrease from last year. Sales were $313.073M, slightly above the $307.958M estimate, marking a 0.03% increase from the previous year.
May 01, 2024 | 10:10 pm
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NEUTRAL IMPACT
Crawford & Company's Q1 2024 earnings missed EPS estimates but slightly exceeded sales forecasts, indicating mixed financial performance.
The miss on EPS estimates could negatively impact investor sentiment, while the slight beat on sales forecasts may offset some of the negative impact. The significant decrease in EPS year-over-year is concerning, but the stability in sales growth could provide some reassurance to investors. Overall, the mixed results present a neutral short-term outlook for CRD's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90