Safety Insurance Group Q2 2024 Adj EPS $1.13 Misses $1.30 Estimate, Sales $269.78M Up From $202.22M YoY
Portfolio Pulse from Benzinga Newsdesk
Safety Insurance Group (NASDAQ:SAFT) reported Q2 2024 adjusted EPS of $1.13, missing the analyst estimate of $1.30. However, sales increased by 33.41% year-over-year to $269.78 million.
August 07, 2024 | 8:37 pm
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Safety Insurance Group reported Q2 2024 adjusted EPS of $1.13, missing the analyst estimate of $1.30 by 13.08%. However, sales increased by 33.41% year-over-year to $269.78 million.
The miss on EPS is likely to have a negative short-term impact on the stock price as it fell short of analyst expectations by 13.08%. However, the significant increase in sales may mitigate some of the negative sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100