Hagerty Inc reports results for the quarter ended in December - Earnings Summary

Hagerty

12/03/2024 13:31

* Hagerty Inc  HGTY.N  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in December, higher than
the same quarter last year, when the company reported EPS of -6
cents.  The mean expectation of three analysts for the quarter
was for a loss of 2 cents per share. Wall Street expected
results to range from -3 cents to -2 cents per share.
    * Revenue rose 24.4% to $245.04 million from a year ago;
analysts
expected $245.27 million. 
    * Hagerty Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $12.73
million.
    * Hagerty Inc shares had risen by 15.0% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 6.7%
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
$10.00 
This summary was machine generated from LSEG data March 12 at
01:30 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
 Dec. 31 2023      -0.02          0.03           Beat
 Sep. 30 2023      0.06           0.04           Missed
 Jun. 30 2023      0.09           0.03           Missed
 Mar. 31 2023      -0.25          -0.03          Beat