Hartford Finl Servs Gr Q3 EPS $2.29 Up From $1.44 YoY, Sales $6.17B Miss $6.17B Estimate
Portfolio Pulse from Happy Mohamed
Hartford Finl Servs Gr (NYSE:HIG) reported Q3 earnings of $2.29 per share, a 59.03% increase YoY. However, the company's quarterly sales of $6.17 billion missed the analyst consensus estimate by 0.03%, despite being a 10.54% increase over the same period last year.
October 26, 2023 | 8:18 pm
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NEUTRAL IMPACT
Hartford Finl Servs Gr's Q3 earnings beat last year's figures but sales slightly missed estimates. This mixed result may lead to uncertain market reactions.
Hartford Finl Servs Gr reported a significant increase in Q3 earnings YoY, which is positive for the stock. However, the company's sales missed the analyst consensus estimate by a small margin, which could negatively impact the stock. The net effect on the stock price is uncertain due to these mixed results.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100