Recap: Intl General Insurance Q4 Earnings

Intl General Insurance 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.