Hagerty Q2 2024 Adj. EPS $0.12 Misses $0.38 Estimate, Sales $313.225M Beat $307.185M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hagerty (NYSE:HGTY) reported Q2 2024 earnings per share of $0.12, missing the analyst estimate of $0.38 by 68.42%. However, the company reported sales of $313.225 million, beating the estimate of $307.185 million by 1.97%. This represents a 19.90% increase over the same period last year.
August 06, 2024 | 11:03 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Hagerty's Q2 2024 earnings per share missed analyst estimates significantly, but the company reported higher-than-expected sales, showing a strong year-over-year growth.
The significant miss on EPS is likely to negatively impact the stock price in the short term, despite the positive sales performance and year-over-year growth.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100