Kingstone Companies Q3 EPS $0.50 Beats $0.21 Estimate, Sales $33.41M Miss $39.40M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kingstone Companies reported Q3 earnings per share of $0.50, significantly beating the estimate of $0.21, marking a 285.19% increase from last year's loss. However, sales of $33.41M missed the $39.40M estimate, though they increased by 19.57% from last year.
October 29, 2024 | 1:30 pm
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Kingstone Companies' Q3 EPS of $0.50 beat expectations by 138.1%, showing a significant improvement from last year's loss. However, sales of $33.41M missed estimates by 15.21%.
The significant beat on EPS suggests strong profitability improvements, which is positive for the stock. However, the miss on sales estimates could temper enthusiasm. Overall, the strong EPS beat is likely to have a positive short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100