Global Indemnity Group Q1 2024 Adj EPS $0.77 Beats $0.60 Estimate, Sales $112.291M Down From $150.914M YoY
Portfolio Pulse from Benzinga Newsdesk
Global Indemnity Group (GBLI) reported Q1 2024 adjusted EPS of $0.77, surpassing the $0.60 estimate, marking a 196.15% increase from the previous year. However, sales decreased by 25.59% YoY to $112.291M from $150.914M.
May 08, 2024 | 12:21 pm
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Global Indemnity Group's Q1 2024 earnings surpassed estimates with a significant increase in EPS, despite a decrease in sales.
The substantial beat on the EPS estimate and the significant year-over-year increase in earnings per share are likely to be viewed positively by investors, potentially leading to a short-term increase in stock price. However, the decrease in sales might temper some of the positive sentiment, but the earnings beat is expected to have a more immediate impact on investor perception.
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