Hagerty Inc reports results for the quarter ended September 30 - Earnings Summary

Hagerty

08/11/2024 21:49

* Hagerty Inc  HGTY.N  reported quarterly adjusted earnings
of 5
cents​​ per share for the quarter ended September 30, higher
than the same quarter last year, when the company reported EPS
of 4 cents.  The mean expectation of three analysts for the
quarter was for earnings of 39 cents per share. Wall Street
expected results to range from 34 cents to 43 cents per share.
    * Revenue rose 17.3% to $323.37 million from a year ago;
analysts
expected $316.23 million. 
    * Hagerty Inc's reported EPS for the quarter was 3 cents​.
    * The company reported quarterly net income of $3.01
million.
    * Hagerty Inc shares had risen by 12.4% this quarter and
gained 46.5% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 50% 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
$11.50 
This summary was machine generated from LSEG data November 8 at
09:49 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
 Sep. 30 2024      0.39           0.05           Missed
 Jun. 30 2024      0.38           0.09           Missed
 Mar. 31 2024      0.09           -0.04          Missed
 Dec. 31 2023      -0.02          0.03           Beat