Greenlight Capital Re Q1 EPS $0.78 Misses $0.80 Estimate
Portfolio Pulse from Benzinga Newsdesk
Greenlight Capital Re (NASDAQ:GLRE) reported Q1 earnings of $0.78 per share, missing the consensus estimate of $0.80 by 2.5%. This represents a 358.82% increase from the $0.17 per share earned in the same period last year.
May 08, 2024 | 10:31 pm
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NEUTRAL IMPACT
Greenlight Capital Re reported a slight miss in Q1 earnings per share compared to analyst estimates but showed significant year-over-year growth.
While GLRE missed the consensus estimate for Q1 earnings per share, the substantial year-over-year growth could mitigate negative investor sentiment. The miss is relatively minor, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100