Hagerty Inc expected to post earnings of 38 cents a share - Earnings Preview

Hagerty

02/08/2024 16:05

* Hagerty Inc  HGTY.N   HGTY.K  is expected to show a rise
in
quarterly revenue when it reports  results on August 6 for the
period ending June 30 2024
    * The Traverse City Michigan-based  company is expected to
report
a 17.6% increase in revenue to $307.186 million from $261.24
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data.
    * ​LSEG's mean analyst estimate for Hagerty Inc is for
earnings of
38 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​, below​ its last closing price of $11.09. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jan. 1 0001   0.09        0.09       -0.04     Missed  -144.4
 Jan. 1 0001   -0.02       -0.02      0.03      Beat    228.6
 Jan. 1 0001   0.06        0.06       0.03      Missed  -33.3​
 Jun. 30 2023  0.09        0.09       0.03      Missed  
 ​​Jan.        -0.25       -0.25      -0.03     Beat    88
 1 0001                                                 
 Dec. 31 2022  -0.08       -0.08      0.07      Beat    25​
 Jan. 1 0001   0.07        0.07       0.07      Met     0
 This summary was machine generated August 2 at 15:05 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)