Bowhead Specialty Expects Q3 Adjusted EPS Of $0.36 - $0.39, Est $0.32
Portfolio Pulse from Benzinga Newsdesk
Bowhead Specialty anticipates Q3 adjusted EPS of $0.36 to $0.39, surpassing estimates of $0.32. Gross written premiums are expected to rise 27% to 34% year over year, reaching $193 million to $200 million. Net income is projected between $11.5 million and $12.5 million.
October 21, 2024 | 9:50 pm
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Bowhead Specialty's Q3 earnings are expected to exceed estimates, with adjusted EPS projected at $0.36 to $0.39. The company anticipates a significant increase in gross written premiums, driven by renewals and new business.
The expected EPS of $0.36 to $0.39 is above the estimated $0.32, indicating strong financial performance. The significant increase in gross written premiums suggests robust business growth, likely leading to positive investor sentiment and a potential short-term stock price increase.
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