Kemper Q3 2024 Adj EPS $1.62 Beats $1.34 Estimate, Sales $1.18B Beat $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kemper (NYSE:KMPR) reported Q3 2024 earnings of $1.62 per share, surpassing the analyst estimate of $1.34. Sales reached $1.18 billion, exceeding the $1.03 billion estimate, despite a slight year-over-year decrease.
October 30, 2024 | 8:15 pm
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POSITIVE IMPACT
Kemper's Q3 2024 earnings and sales exceeded analyst expectations, with EPS at $1.62 against a $1.34 estimate and sales at $1.18B against a $1.03B estimate. This positive surprise may boost investor confidence despite a slight year-over-year sales decline.
Kemper's earnings and sales both exceeded expectations significantly, which is likely to positively impact the stock price in the short term. The earnings per share beat by 20.9% and sales beat by 14.88% are strong indicators of better-than-expected performance, which typically leads to a positive market reaction. The slight year-over-year sales decrease is a minor concern compared to the positive earnings surprise.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100