Hippo Holdings Q1 2024 GAAP EPS $(1.47) Misses $(1.27) Estimate, Sales $85.100M Beat $73.036M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hippo Holdings (NYSE:HIPO) reported Q1 2024 earnings with a GAAP EPS of $(1.47), missing the $(1.27) estimate, but sales of $85.100M exceeded the $73.036M forecast. This represents a significant improvement over the previous year, with a 51.16% decrease in losses per share and a 113.82% increase in sales.
May 02, 2024 | 11:28 am
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Hippo Holdings reported a Q1 2024 GAAP EPS of $(1.47), missing estimates, but sales of $85.100M exceeded expectations, showing significant year-over-year growth.
While the EPS miss might concern some investors, the substantial sales beat and significant improvement in financial performance compared to the previous year could offset negative sentiment. The mixed results present a neutral short-term outlook, as the sales growth indicates potential for future profitability, but the EPS miss may temper immediate stock price reactions.
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