Kingstone Sees FY24 EPS $0.76-$1.10 Vs $(0.420) Est.
Portfolio Pulse from Benzinga Newsdesk
Kingstone Companies, Inc. (KINS) projects its FY24 earnings per share (EPS) to be in the range of $0.76 to $1.10, significantly surpassing the estimated loss of $(0.420).
May 13, 2024 | 8:23 pm
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Kingstone Companies, Inc. anticipates a strong FY24 with EPS ranging from $0.76 to $1.10, a notable improvement from the estimated loss.
The significant positive adjustment in Kingstone's EPS forecast for FY24 suggests a strong financial turnaround and operational improvement. This is likely to instill investor confidence, potentially driving up the stock price in the short term as the market reacts to the much better-than-expected financial outlook.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100