Reinsurance Gr Q2 2024 Adj EPS $5.48 Beats $5.09 Estimate, Sales $4.88B Miss $5.00B Estimate
Portfolio Pulse from Benzinga Newsdesk
Reinsurance Group of America (NYSE:RGA) reported Q2 2024 adjusted EPS of $5.48, beating the estimate of $5.09. However, sales were $4.88 billion, missing the $5.00 billion estimate. Sales increased by 17.37% compared to the same period last year.
August 01, 2024 | 8:33 pm
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Reinsurance Group of America (NYSE:RGA) reported Q2 2024 adjusted EPS of $5.48, beating the estimate of $5.09. However, sales were $4.88 billion, missing the $5.00 billion estimate. Sales increased by 17.37% compared to the same period last year.
The positive EPS surprise is likely to have a favorable impact on the stock price in the short term. However, the sales miss may temper the enthusiasm. The significant year-over-year sales growth is a positive indicator.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100