James River Gr Hldgs Q1 2024 Adj EPS $0.39 Misses $0.42 Estimate, Net earned premiums $171.691M Miss $188.967M Estimate
Portfolio Pulse from Benzinga Newsdesk
James River Group Holdings (JRVR) reported Q1 2024 adjusted EPS of $0.39, missing the $0.42 estimate, and net earned premiums of $171.691M, below the $188.967M estimate. This represents a 2.5% decrease in EPS and no change in sales from the same period last year.
May 08, 2024 | 8:31 pm
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NEGATIVE IMPACT
James River Group Holdings reported a miss in both EPS and net earned premiums for Q1 2024, indicating a potential negative short-term impact on its stock price.
Missing both EPS and net earned premiums estimates can lead to negative investor sentiment, potentially causing a short-term decline in JRVR's stock price. The reported decrease in EPS year-over-year further supports the likelihood of a negative impact.
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