Crawford & Company Common Stock Q2 2024 Adj. EPS $0.25 Beats $0.17 Estimate, Sales $314.227M Miss $327.360M Estimate
Portfolio Pulse from Benzinga Newsdesk
Crawford & Company (NYSE:CRD) reported Q2 2024 adjusted EPS of $0.25, beating the estimate of $0.17 by 47.06%. However, sales were $314.227 million, missing the estimate of $327.360 million by 4.01%. This represents a 3.18% decrease from the same period last year.
August 05, 2024 | 8:47 pm
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NEUTRAL IMPACT
Crawford & Company reported better-than-expected Q2 2024 EPS but missed on sales estimates. The EPS beat by 47.06% is a positive sign, but the sales miss and year-over-year decline in sales may cause mixed reactions in the market.
The significant EPS beat is a positive indicator and may boost investor confidence. However, the sales miss and year-over-year decline in sales could offset some of the positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100