Fidelis Insurance Hldgs Q1 2024 Adj EPS $0.74 Beats $0.62 Estimate, Sales $520.000M Miss $912.727M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fidelis Insurance Holdings (FIHL) reported Q1 2024 adjusted EPS of $0.74, surpassing the $0.62 estimate, but its sales of $520M fell short of the expected $912.727M. While EPS decreased by 12.94% from last year, sales saw a 26% increase.
May 09, 2024 | 8:50 pm
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Fidelis Insurance Holdings reported a mixed Q1 2024 with EPS beating estimates but sales missing expectations significantly.
The mixed results with an earnings beat but a significant miss on sales could lead to neutral market sentiment towards FIHL in the short term. Investors might appreciate the earnings beat but could be concerned about the sales miss and its implications for future growth.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100