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Intl General Insurance (NASDAQ:IGIC) reported its Q4 earnings results on Tuesday, March 12, 2024 at 04:15 PM.
Here's what investors need to know about the announcement.
Intl General Insurance missed estimated earnings by -8.0%, reporting an EPS of $0.65 versus an estimate of $0.71.
Revenue was up $17.90 million from the same period last year.
Last quarter the company beat on EPS by $0.3 which was followed by a 7.000000000000001% increase in the share price the next day.
Here's a look at Intl General Insurance's past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.49 | 0.58 | 0.30 | 0.28 |
| EPS Actual | 0.79 | 0.83 | 0.62 | 0.28 |
| Revenue Estimate | 130.20M | 188.70M | 134.50M | 171.70M |
| Revenue Actual | 108.90M | 118.40M | 105.10M | 97.00M |
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Intl General Insurance management provided guidance for Q4 2023, expecting earnings between $0.65 and $0.65 per share.
To track all earnings releases for Intl General Insurance visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
Posted In: IGIC
