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

Hanover Insurance group

02/11/2023 01:43

* Hanover Insurance Group Inc  THG.N  reported quarterly
adjusted
earnings of 19 cents​​ per share for the quarter ended in
September, lower than the same quarter last year, when the
company reported EPS of 99 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 19 cents per
share. 
    * Revenue rose 6% to $1.60 billion from a year ago; analysts
expected $1.57 billion. 
    * Hanover Insurance Group Inc's reported EPS for the quarter
was
24 cents​.
    * The company reported quarterly net income of $8.6 million.
    * Hanover Insurance Group Inc shares had risen by 5.6% this
quarter and lost 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 91.3%
in the last three months.​ 
    * In the last 30 days, seven analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "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 $127.00 
This summary was machine generated from LSEG data November 2 at
01:43 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.19           0.19           Met
 Jun. 30 2023      -0.92          -1.91          Missed
 Mar. 31 2023      0.40           0.13           Missed
 Dec. 31 2022      -1.05          -1.05          Met