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

Hagerty

08/08/2023 14:34

* Hagerty Inc  HGTY.N  reported quarterly adjusted earnings
of 3
cents​​ per share for the quarter ended in June. The mean
expectation of two analysts for the quarter was for earnings of
9 cents per share.
    * Revenue rose 26.8% to $261.24 million from a year ago;
analysts
expected $259.56 million. 
    * Hagerty Inc's reported EPS for the quarter was 3 cents​.
    * The mean earnings estimate of analysts had fallen by
about 29.2%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Hagerty Inc shares had fallen by 9.2% this quarter and
gained 1.1% so far this year.
    * The company reported quarterly net income of $2.41
million.
    * Wall Street's median 12-month price target for Hagerty Inc
is
$11.00 
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 8 at 01:34 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.09           0.03           Missed
 Mar. 31 2023      -0.25          -0.03          Beat
 Dec. 31 2022      -0.08          -0.06          Beat
 Sep. 30 2022      0.07           0.07           Met