Markel Group Q2 2024 Adj EPS $18.66 Misses $21.30 Estimate, Sales $3.70B Miss $3.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Markel Group (NYSE:MKL) reported Q2 2024 adjusted EPS of $18.66, missing the $21.30 estimate. Sales were $3.70B, below the $3.92B estimate and down 10.67% from last year.
July 31, 2024 | 8:34 pm
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Markel Group reported Q2 2024 adjusted EPS of $18.66, missing the $21.30 estimate by 12.39%. Sales were $3.70B, below the $3.92B estimate and down 10.67% from last year.
The significant miss on both EPS and sales estimates, along with a notable year-over-year decline in sales, is likely to negatively impact MKL's stock price in the short term.
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IMPORTANCE 80
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