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

Hippo Holdings

03/11/2023 16:23

* Hippo Holdings Inc  HIPO.N  reported a quarterly adjusted
loss
of $2.24​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $-5.66.  The mean expectation of five analysts for the
quarter was for a loss of $2.82 per share. Wall Street expected
results to range from $-3.28 to $-2.62 per share.
    * Revenue rose 87.3% to $57.70 million from a year ago;
analysts
expected $54.55 million. 
    * Hippo Holdings Inc's reported EPS for the quarter was a
loss of
$2.24​.
    * The company reported a quarterly loss of $53.1 million.
    * Hippo Holdings Inc shares had risen by 0.9% this
quarter and
lost 40.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 20.4%
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 3 "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 $19.50 
This summary was machine generated from LSEG data November 3 at
04:23 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -2.82          -2.24          Beat
 Jun. 30 2023      -2.76          -4.61          Missed
 Mar. 31 2023      -2.42          -3.01          Missed
 Dec. 31 2022      -2.63          -2.74          Missed