CPAC Earnings

CPAC reported its FY2024Q2 earnings on 2024-07-22, showcasing a revenue of 457.10M against an estimate of 462.00M, resulting in a -1.06% surprise. The EPS was 0.12, surpassing the expected 0.13 by -7.69%. The stock experienced a -0.18% price change on the earnings day and a 3.06% change over the next five days, reflecting market reactions to the results.

Following CPAC's FY2024Q2 earnings announcement on 2024-07-22, the stock price moved by -0.18% on the day of the release. Over the subsequent five days, it saw a 3.06% change. Historically, CPAC's stock price tends to shift by an average of 0.77% in the 10 days leading up to earnings and 3.28% in the 10 days following, providing insight into potential market.

For , analysts estimate CPAC's annual revenue to reach , while the EPS is projected at 0.04. These estimates reflect recent revisions, with revenue estimates unchanged by 0% and EPS estimates revised upward by 58.36% over the past three months, indicating analyst expectation in the company's performance.

The correlation between CPAC's stock price and earnings forecast revisions shows that positive revisions in revenue or EPS often strengthen the stock's fundamentals. Over the past three months, revenue estimates for FY2025 were unchanged by 0%, while EPS estimates moved revised upward by 58.36%. This trend suggests that price dips could present buying opportunities for investors.

Based on historical trends, CPAC's stock price typically moves by 0.77% in the 10 days before its earnings and 3.28% in the 10 days after. For the upcoming earnings, analysts expect an EPS of 0.04 and revenue of .

The earnings call shows strong financial performance with a 25% increase in net premiums and an 18% increase in book value per share. The company is expanding in the U.S. Surety market and has favorable reserve developments. Despite a higher debt-to-capital ratio, it's still under conservative targets. The Q&A highlights growth in the Warranty business and strategic expansion plans. Concerns about AI investments were vague but don't overshadow the positive outlook. Overall, the sentiment is positive, likely leading to a 2% to 8% stock price increase in the next two weeks.