Intl General Insurance Q2 2024 Adj. EPS $0.74 Beats $0.62 Estimate, Sales $121.800M Miss $218.200M Estimate
Portfolio Pulse from Benzinga Newsdesk
Intl General Insurance (NASDAQ:IGIC) reported Q2 2024 adjusted EPS of $0.74, beating the estimate of $0.62. However, sales of $121.8M missed the $218.2M estimate, despite a 2.87% increase from last year.
August 06, 2024 | 9:03 pm
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Intl General Insurance (NASDAQ:IGIC) reported Q2 2024 adjusted EPS of $0.74, beating the estimate of $0.62 by 19.35%. However, sales of $121.8M missed the $218.2M estimate by 44.18%, despite a 2.87% increase from last year.
The positive EPS surprise is offset by a significant sales miss. While the earnings beat is a positive indicator, the large revenue shortfall may raise concerns about the company's growth prospects.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100