Conifer Holdings Q1 Adj $0.02 Beats $(0.02) Estimate, Sales $16.89M Miss $17.39M Estimate
Portfolio Pulse from Benzinga Newsdesk
Conifer Holdings (NASDAQ:CNFR) reported Q1 earnings of $0.02 per share, surpassing the $(0.02) estimate, but its sales of $16.89M fell short of the $17.39M estimate. This represents a 33.33% decrease in earnings and a 23.07% decrease in sales from the same period last year.
May 14, 2024 | 8:03 pm
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Conifer Holdings reported a mixed Q1 with earnings beating estimates but sales missing expectations, indicating a decrease in both earnings and sales from the previous year.
The positive earnings surprise could provide short-term support to CNFR's stock price, but the miss on sales and the year-over-year decline in both earnings and sales could temper investor enthusiasm. The mixed results present a neutral outlook in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90