Hagerty Inc expected to post a loss of 2 cents a share - Earnings Preview

Hagerty

08/03/2024 13:06

* Hagerty Inc  HGTY.N   HGTY.K  is expected to show a rise
in
quarterly revenue when it reports  results on March 12 for the
period ending December 31 2023
    * The Traverse City Michigan-based  company is expected to
report
a 24.5% increase in revenue to $245.266 million from $197
million a year ago, according to the mean estimate from 3
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Hagerty Inc is for a
loss of 2
cents per share. 
    * 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 mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Hagerty Inc
is
$10.00​, above​ its last closing price of $9.00. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  0.06        0.06       0.04      Missed  -33.3
 Jun. 30 2023  0.09        0.09       0.03      Missed  -64.7
 Mar. 31 2023  -0.25       -0.25      -0.03     Beat    88​
 Dec. 31 2022  -0.08       -0.08      -0.06     Beat    25
 ​​Sep.        0.07        0.07       0.07      Met     0
 30 2022                                                
                                                        ​
 This summary was machine generated March 8 at 13:06 GMT.  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)