AMERISAFE (NASDAQ: AMSF) Q2 Earnings Miss, Revenue Growth, and Valuation Insights

• AMERISAFE reported a Q2 2026 earnings per share (EPS) of $0.44, missing analyst estimates and continuing a four-quarter trend of falling short.
• Despite the EPS miss, the company achieved revenues of $83.95 million, exceeding consensus estimates and demonstrating year-over-year growth.
• AMERISAFE's current valuation metrics include a Price-to-Earnings (P/E) ratio of 13.59 and a Price-to-Sales (P/S) ratio of 1.89.

AMERISAFE (NASDAQ: AMSF) is an insurance provider that specializes in workers' compensation coverage. The company focuses on small to mid-sized employers in high-risk industries such as construction, trucking, and agriculture. This specialization means its financial performance is closely tied to the safety and employment trends within these specific sectors.

On July 21, 2026, AMERISAFE reported its second-quarter financial results, as noted by Business Wire. The company announced an earnings per share (EPS) of $0.44. This figure missed the Zacks Consensus Estimate of $0.53 per share and was also a decline from the $0.53 per share earned in the same quarter a year ago.

The earnings miss resulted in a negative earnings surprise of -16.98%, as highlighted by Zacks. An earnings surprise measures the difference between reported earnings and what analysts expected. Furthermore, AMERISAFE has now failed to surpass consensus EPS estimates for the last four consecutive quarters, indicating a pattern of falling short of profit expectations.

Despite the lower-than-expected earnings, AMERISAFE posted revenues of $83.95 million for the quarter. This result surpassed the Zacks Consensus Estimate by 1.02%. The revenue figure also shows growth compared to the $76.14 million reported in the same quarter of the previous year, showing an increase in the company's total sales.

Looking at its valuation, AMERISAFE has a Price-to-Earnings (P/E) ratio of 13.59. The P/E ratio compares a company's stock price to its earnings per share. Another metric, the Price-to-Sales (P/S) ratio, which compares the stock price to revenue, stands at 1.89 for the company.