F&G Annuities & Life Q1 2024 Adj EPS $0.86 Misses $1.00 Estimate, Sales $1.569B Beat $1.167B Estimate
Portfolio Pulse from Benzinga Newsdesk
F&G Annuities & Life (NYSE:FG) reported Q1 2024 earnings of $0.86 per share, missing the $1.00 estimate, but sales of $1.569B exceeded the $1.167B estimate, marking an 80.55% increase from last year.
May 08, 2024 | 8:17 pm
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F&G Annuities & Life reported lower-than-expected Q1 2024 earnings per share but surpassed sales forecasts, with a significant year-over-year increase.
The miss in earnings per share (EPS) could negatively impact investor sentiment in the short term, but the substantial beat in sales forecasts and the impressive year-over-year growth could offset this negative impact. The mixed results present a neutral outlook for the stock in the short term, as the positive sales performance may balance concerns over the earnings miss.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100