Hartford Finl Servs Gr Q2 EPS $1.88 Beats $1.85 Estimate, Sales $6.05B Miss $6.05B Estimate
Portfolio Pulse from Bill Haddad
Hartford Finl Servs Gr (NYSE:HIG) reported Q2 earnings of $1.88 per share, beating the analyst consensus estimate of $1.85 by 1.62%. However, this is a 12.56% decrease from the same period last year. The company's quarterly sales of $6.05 billion missed the analyst consensus estimate by 0.02%, but it's a 12.58% increase from the same period last year.
July 27, 2023 | 8:28 pm
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NEUTRAL IMPACT
Hartford Finl Servs Gr's Q2 earnings beat estimates but decreased YoY. Sales increased YoY but missed estimates.
Hartford Finl Servs Gr's earnings beat estimates, which is positive for the stock. However, the YoY decrease in earnings and the missed sales estimates could negatively impact the stock. The YoY increase in sales is a positive factor. Overall, the impact on the stock is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100