Hippo Holdings Q2 EPS $(4.61) Misses $(2.31) Estimate, Sales $47.70M Beat $47.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hippo Holdings (NYSE:HIPO) reported Q2 losses of $(4.61) per share, missing the analyst consensus estimate of $(2.31) by 99.57%. This is a 41.85% decrease from the same period last year. However, the company's quarterly sales of $47.70 million beat the estimate of $47.00 million by 1.49%, marking a 66.20% increase from last year.
August 08, 2023 | 10:22 am
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NEGATIVE IMPACT
Hippo Holdings reported a larger than expected Q2 loss but beat sales estimates.
Hippo Holdings reported a larger than expected loss for Q2, which is likely to negatively impact the stock price. However, the company beat sales estimates, which could offset some of the negative impact.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100