Essent Group Q1 2024 GAAP EPS $1.70 Beats $1.60 Estimate, Sales $298.357M Miss $298.624M Estimate
Portfolio Pulse from Benzinga Newsdesk
Essent Group (NYSE:ESNT) reported Q1 2024 earnings of $1.70 per share, surpassing the $1.60 estimate, marking a 6.92% increase from last year. However, their sales of $298.357M slightly missed the $298.624M estimate, though it's a 16.43% increase from the previous year.
May 03, 2024 | 10:41 am
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Essent Group's Q1 2024 earnings exceeded expectations with an EPS of $1.70, a 6.92% increase from last year, though sales slightly missed estimates.
Beating the EPS estimate typically has a positive impact on investor sentiment and can lead to a short-term increase in stock price. The slight miss in sales is overshadowed by the significant year-over-year growth, indicating strong business performance.
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