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.
Earnings
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.
Past Earnings Performance
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).
Guidance
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.