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

Hagerty

07/05/2024 17:02

* Hagerty Inc  HGTY.N  reported a quarterly adjusted loss
of 4
cents​​ per share for the quarter ended in March, lower than the
same quarter last year, when the company reported EPS of -3
cents.  The mean expectation of three analysts for the quarter
was for earnings of 9 cents per share. Wall Street expected
results to range from 7 cents to 11 cents per share.
    * Revenue rose 24.4% to $271.71 million from a year ago;
analysts
expected $264.17 million. 
    * Hagerty Inc's reported EPS for the quarter was a loss of 4
cents​.
    * The company reported a quarterly loss of $3.19 million.
    * Hagerty Inc shares had fallen by 1.2% this quarter and
gained 15.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 285.8%
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 May 7 at 04:01
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
 Mar. 31 2024      0.09           -0.04          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