Enact Holdings Q2 2024 Adj EPS $1.27 Beats $0.99 Estimate, Sales $298.83M Beat $298.73M Estimate
Portfolio Pulse from Benzinga Newsdesk
Enact Holdings (NASDAQ:ACT) reported Q2 2024 adjusted EPS of $1.27, beating the $0.99 estimate by 28.28%. Sales were $298.83M, slightly above the $298.73M estimate and up 7.68% from last year.
July 31, 2024 | 8:28 pm
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Enact Holdings reported strong Q2 2024 earnings with an adjusted EPS of $1.27, significantly beating the $0.99 estimate. Sales also slightly exceeded expectations at $298.83M, marking a 7.68% increase from the previous year.
The significant beat on EPS and slight beat on sales indicate strong financial performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100