Assurant AIZ reported its Q2 earnings results on Tuesday, August 2, 2022 at 04:15 PM.
Here's what investors need to know about the announcement.
Earnings
Assurant missed estimated earnings by 6.65%, reporting an EPS of $2.95 versus an estimate of $3.16.
Revenue was down $32.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.88 which was followed by a 2.07% increase in the share price the next day.
Here's a look at Assurant's past performance:
Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
---|---|---|---|---|
EPS Estimate | 2.87 | 2.30 | 1.50 | 2.45 |
EPS Actual | 3.75 | 2.47 | 1.41 | 2.99 |
Revenue Estimate | 2.62B | 2.58B | 2.52B | 2.39B |
Revenue Actual | 2.48B | 2.58B | 2.64B | 2.54B |
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
Assurant management provided guidance for FY 2022, expecting earnings between $12.84 and $13.29 per share.
To track all earnings releases for Assurant visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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