Greenlight Capital Re Q2 GAAP EPS $0.23 Misses $0.25 Estimate, Sales $174.86M Down From $189.69M YoY
Portfolio Pulse from Benzinga Newsdesk
Greenlight Capital Re (NASDAQ:GLRE) reported Q2 earnings of $0.23 per share, missing the analyst consensus estimate of $0.25 by 8%. This represents an 82.58% decrease from $1.32 per share in the same period last year. Sales were $174.86 million, down 7.82% from $189.69 million YoY.
August 06, 2024 | 9:48 pm
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NEGATIVE IMPACT
Greenlight Capital Re reported Q2 earnings of $0.23 per share, missing estimates and showing a significant YoY decline. Sales also decreased by 7.82% YoY.
The earnings miss and significant YoY decline in both EPS and sales are likely to negatively impact investor sentiment and the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100