AMERISAFE Q2 Adj $0.57 Misses $0.63 Estimate, Sales $75.83M Beat $74.19M Estimate
Portfolio Pulse from Benzinga Newsdesk
AMERISAFE (NASDAQ:AMSF) reported Q2 earnings of $0.57 per share, missing the $0.63 estimate, and a 21.92% decrease from last year. However, sales of $75.83M beat the $74.19M estimate, showing a slight increase from last year.
July 29, 2024 | 8:06 pm
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AMERISAFE reported Q2 earnings of $0.57 per share, missing the $0.63 estimate, and a 21.92% decrease from last year. However, sales of $75.83M beat the $74.19M estimate, showing a slight increase from last year.
The significant miss on earnings per share (EPS) and the year-over-year decline in EPS are likely to negatively impact the stock price in the short term. Although sales beat estimates, the marginal increase in sales is unlikely to offset the negative sentiment from the earnings miss.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100