Heritage Insurance Hldgs Q2 2024 GAAP EPS $0.61 Beats $0.41 Estimate, Sales $190.316M Miss $196.805M Estimate
Portfolio Pulse from Benzinga Newsdesk
Heritage Insurance Holdings (NYSE:HRTG) reported Q2 2024 GAAP EPS of $0.61, beating the $0.41 estimate by 48.78%. However, sales of $190.316M missed the $196.805M estimate by 3.30%. EPS increased by 103.33% YoY, while sales grew by 7.64% YoY.
August 06, 2024 | 9:29 pm
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Heritage Insurance Holdings reported strong Q2 2024 earnings with GAAP EPS of $0.61, beating estimates by 48.78%. However, sales of $190.316M missed expectations by 3.30%. EPS increased significantly by 103.33% YoY, while sales grew by 7.64% YoY.
The significant beat on EPS and the strong YoY growth in earnings are positive indicators for the stock. The miss on sales is a slight negative but is outweighed by the strong earnings performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100