Hippo Holdings Inc reports results for the quarter ended in December - Earnings Summary

Hippo Holdings

06/03/2024 14:41

* Hippo Holdings Inc  HIPO.N  reported a quarterly adjusted
loss
of $1.73​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of $-2.74.  The mean expectation of four analysts for the
quarter was for a loss of $2.01 per share. Wall Street expected
results to range from $-2.29 to $-1.79 per share.
    * Revenue rose 80.2% to $64.50 million from a year ago;
analysts
expected $55.25 million. 
    * Hippo Holdings Inc's reported EPS for the quarter was a
loss of
$1.73​.
    * The company reported a quarterly loss of $42.3 million.
    * Hippo Holdings Inc shares had risen by 58.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 6.5%
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 "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 1
"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 Hippo Holdings
Inc is $18.00 
This summary was machine generated from LSEG data March 6 at
02:40 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
 Dec. 31 2023      -2.01          -1.73          Beat
 Sep. 30 2023      -2.82          -2.24          Beat
 Jun. 30 2023      -2.76          -4.61          Missed
 Mar. 31 2023      -2.42          -3.01          Missed