Hanover Insurance Group Inc reports results for the quarter ended in June - Earnings Summary

Hanover Insurance group

31/07/2024 23:05

* Hanover Insurance Group Inc  THG.N  reported quarterly
adjusted
earnings of $1.88​​ per share for the quarter ended in June,
higher than the same quarter last year, when the company
reported EPS of $-1.91.  The mean expectation of eight analysts
for the quarter was for earnings of $1.85 per share. Wall Street
expected results to range from $1.65  to $1.88 per share.
    * Revenue rose 5.1% to $1.52 billion from a year ago;
analysts
expected $1.50 billion. 
    * Hanover Insurance Group Inc's reported EPS for the quarter
was
$1.12​.
    * The company reported quarterly net income of $40.5
million.
    * Hanover Insurance Group Inc shares had risen by 10.7% this
quarter and gained 14.4% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 5.1%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "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 "buy"

Wall Street's median 12-month price target for Hanover Insurance
Group Inc is $150.00 
This summary was machine generated from LSEG data July 31 at
10:05 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
 Jun. 30 2024      1.85           1.88           Beat
 Mar. 31 2024      2.71           3.08           Beat
 Dec. 31 2023      2.73                          
 Sep. 30 2023      0.19