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

Hippo Holdings

08/08/2024 14:32

* Hippo Holdings Inc  HIPO.N  reported a quarterly adjusted
loss
of $1.64​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of
$-4.61.  The mean expectation of four analysts for the quarter
was for a loss of $1.66 per share. Wall Street expected
results to range from $-1.87 to $-1.44 per share.
    * Revenue rose 87.8% to $89.60 million from a year ago;
analysts
expected $88.39 million. 
    * Hippo Holdings Inc's reported EPS for the quarter was a
loss of
$1.64​.
    * The company reported a quarterly loss of $40.5 million.
    * Hippo Holdings Inc shares had fallen by 9.4% this
quarter and
gained 70.7% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 27.3%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 2
"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 $24.00 
This summary was machine generated from LSEG data August 8 at
01:32 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      -1.66          -1.64          Beat
 Mar. 31 2024      -1.39          -1.47          Missed
 Dec. 31 2023      -2.01          -1.73          Beat
 Sep. 30 2023      -2.82          -2.24          Beat