• Wed. Aug 17th, 2022

Recap: Assurant Q2 Earnings – Benzinga

ByBenzinga Insights

Aug 2, 2022
Recap: Assurant Q2 Earnings - Benzinga

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








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.



Image and article originally from www.benzinga.com. Read the original article here.