Fidelis Insurance Hldgs Q2 2024 Adj EPS $0.54 Misses $0.69 Estimate, Sales $540.10M Miss $741.29M Estimate
Portfolio Pulse from Benzinga Newsdesk
Fidelis Insurance Holdings (NYSE:FIHL) reported Q2 2024 adjusted EPS of $0.54, missing the analyst estimate of $0.69 by 21.74%. The company also reported sales of $540.10 million, missing the estimate of $741.29 million by 27.14%. Despite the misses, sales increased by 19.17% year-over-year.
August 14, 2024 | 8:44 pm
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Fidelis Insurance Holdings reported Q2 2024 EPS of $0.54, missing estimates by 21.74%, and sales of $540.10M, missing estimates by 27.14%. Despite the misses, sales increased 19.17% YoY.
The significant misses on both EPS and sales estimates are likely to negatively impact the stock price in the short term. However, the year-over-year sales growth may provide some support.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100