Hanover Insurance Gr Q1 2024 Adj EPS $3.08 Beats $2.71 Estimate, Sales $1.454B Miss $1.465B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hanover Insurance Group (THG) reported Q1 2024 adjusted EPS of $3.08, surpassing the $2.71 estimate, marking a 2269.23% increase from last year's $0.13. However, their sales of $1.454B fell short of the $1.465B estimate, a slight 0.75% miss, but still a 2.25% increase from the previous year.
May 01, 2024 | 8:29 pm
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Hanover Insurance Group's Q1 2024 earnings outperformed expectations with a significant EPS increase, though sales slightly missed estimates.
The substantial beat on EPS expectations and the significant year-over-year growth are likely to positively influence investor sentiment towards THG. Although the sales miss could temper some enthusiasm, the overall positive earnings report and growth trajectory suggest a likely uptick in stock price in the short term.
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