Hagerty Inc reports results for the quarter ended September 30 - Earnings Summary
Hagerty Inc HGTY.N reported quarterly adjusted earnings of 5 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of three analysts for the quarter was for earnings of 39 cents per share. Wall Street expected results to range from 34 cents to 43 cents per share.
Revenue rose 17.3% to $323.37 million from a year ago; analysts expected $316.23 million.
Hagerty Inc's reported EPS for the quarter was 3 cents.
The company reported quarterly net income of $3.01 million.
Hagerty Inc shares had risen by 12.4% this quarter and gained 46.5% so far this year.
FORECAST CHANGES
The mean earnings estimate of analysts had risen by about 50% in the last three months.
In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.
RECOMMENDATIONS
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell."
The average consensus recommendation for the property & casualty insurance peer group is also "hold"
Wall Street's median 12-month price target for Hagerty Inc is $11.50
This summary was machine generated from LSEG data November 8 at 09:49 p.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)
QUARTER ENDING | ESTIMATE | ACTUAL | BEAT, MET, MISSED |
Sep. 30 2024 | 0.39 | 0.05 | Missed |
Jun. 30 2024 | 0.38 | 0.09 | Missed |
Mar. 31 2024 | 0.09 | -0.04 | Missed |
Dec. 31 2023 | -0.02 | 0.03 | Beat |
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