Hartford Finl Servs Gr Q2 2024 Adj EPS $2.50 Beats $2.24 Estimate, Sales $6.49B Miss $6.57B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hartford Financial Services Group (NYSE:HIG) reported Q2 2024 adjusted EPS of $2.50, beating the estimate of $2.24. However, sales of $6.49 billion missed the $6.57 billion estimate. Sales increased by 7.22% year-over-year.
July 25, 2024 | 8:20 pm
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Hartford Financial Services Group reported Q2 2024 adjusted EPS of $2.50, beating the estimate of $2.24. However, sales of $6.49 billion missed the $6.57 billion estimate. Sales increased by 7.22% year-over-year.
The beat on EPS is a positive indicator for profitability, which is likely to boost investor confidence. However, the miss on sales might temper the enthusiasm slightly. Overall, the positive EPS surprise is expected to have a more significant impact in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100