James River Gr Hldgs Q2 2024 Adj. EPS $0.33 Misses $0.42 Estimate, Sales $163.193M Miss $189.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
James River Group Holdings (NASDAQ: JRVR) reported Q2 2024 adjusted EPS of $0.33, missing the $0.42 estimate. Sales were $163.193M, below the $189.200M estimate. Despite the misses, EPS increased by 83.33% year-over-year, while sales decreased by 5.92%.
August 05, 2024 | 8:31 pm
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James River Group Holdings reported Q2 2024 adjusted EPS of $0.33, missing the $0.42 estimate by 21.43%. Sales were $163.193M, below the $189.200M estimate by 13.75%. Despite the misses, EPS increased by 83.33% year-over-year, while sales decreased by 5.92%.
The significant miss on both EPS and sales estimates is likely to negatively impact the stock price in the short term. However, the year-over-year increase in EPS may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100