Skyward Specialty Q2 2024 Adj. EPS $0.80 Beats $0.65 Estimate, Sales $279.942M Miss $282.666M Estimate
Portfolio Pulse from Benzinga Newsdesk
Skyward Specialty (NASDAQ:SKWD) reported Q2 2024 adjusted EPS of $0.80, beating the $0.65 estimate by 23.08%. Sales were $279.942M, missing the $282.666M estimate by 0.96%. EPS increased by 90.48% YoY, and sales grew by 32.98% YoY.
August 05, 2024 | 8:03 pm
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Skyward Specialty (NASDAQ:SKWD) reported strong Q2 2024 earnings with an adjusted EPS of $0.80, beating estimates by 23.08%. However, sales of $279.942M slightly missed expectations by 0.96%. The EPS showed a significant YoY increase of 90.48%, and sales grew by 32.98% YoY.
The significant beat on EPS and strong YoY growth in both EPS and sales are positive indicators for Skyward Specialty. Despite the slight miss on sales, the overall financial performance is strong, likely leading to a positive short-term impact on the stock price.
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