Hagerty Raises FY24 Revenue From $1.150B-$1.170B To $1.160B-$1.180B Vs $1.69B Est.
Portfolio Pulse from Benzinga Newsdesk
Hagerty has raised its FY24 revenue guidance from $1.150B-$1.170B to $1.160B-$1.180B, which is still below the $1.69B estimate.
August 06, 2024 | 11:18 am
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Hagerty has increased its FY24 revenue guidance to $1.160B-$1.180B, but this is still below the $1.69B estimate.
While Hagerty's raised revenue guidance is a positive sign, it remains below market expectations, which could result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100