Hagerty Inc expected to post earnings of 9 cents a share - Earnings Preview

Hagerty

03/05/2024 14:33

* Hagerty Inc  HGTY.N   HGTY.K  is expected to show a rise
in
quarterly revenue when it reports  results on May 7 for the
period ending March 31 2024
    * The Traverse City Michigan-based  company is expected to
report
a 21.0% increase in revenue to $264.168 million from $218.35
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
earnings of
9 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 $8.95. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Dec. 31 2023  -0.02       -0.02      0.03      Beat    228.6
 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.        -0.08       -0.08      -0.06     Beat    25
 31 2022                                                
 Sep. 30 2022  0.07        0.07       0.07      Met     0​
 This summary was machine generated May 3 at 13:33 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)