United Fire Gr Q2 2024 Adj. EPS $(0.07) Misses $0.01 Estimate, Sales $301.169M Beat $300.800M Estimate
Portfolio Pulse from Benzinga Newsdesk
United Fire Group (NASDAQ:UFCS) reported Q2 2024 adjusted EPS of $(0.07), missing the $0.01 estimate, but sales of $301.169M beat the $300.800M estimate. EPS improved significantly from $(2.27) last year, and sales increased by 12.76% from $267.089M.
August 06, 2024 | 8:29 pm
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United Fire Group (NASDAQ:UFCS) reported Q2 2024 adjusted EPS of $(0.07), missing the $0.01 estimate, but sales of $301.169M beat the $300.800M estimate. EPS improved significantly from $(2.27) last year, and sales increased by 12.76% from $267.089M.
The mixed results, with a significant EPS miss but a slight beat on sales, suggest a neutral short-term impact. The improvement in EPS from last year and the increase in sales are positive, but the large miss on EPS estimates could weigh on investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100