Horace Mann Educators Q1 2024 Adj EPS $0.60 Misses $0.78 Estimate, Sales $386.000M Miss $399.167M Estimate
Portfolio Pulse from Benzinga Newsdesk
Horace Mann Educators (HMN) reported Q1 2024 adjusted EPS of $0.60, missing the $0.78 estimate, and sales of $386M, below the $399.167M estimate. Despite these misses, both earnings and sales showed significant increases from the previous year.
May 08, 2024 | 9:35 pm
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Horace Mann Educators reported a significant miss in both EPS and sales estimates for Q1 2024, but showed substantial year-over-year growth.
Missing both EPS and sales estimates significantly could lead to negative investor sentiment in the short term, despite the year-over-year growth. Investors often react negatively to earnings misses, which can put downward pressure on the stock price.
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