Hippo Holdings Q2 2024 GAAP EPS $(1.64) Misses $(1.40) Estimate, Sales $89.600M Beat $88.392M Estimate
Portfolio Pulse from Benzinga Newsdesk
Hippo Holdings (NYSE:HIPO) reported Q2 2024 GAAP EPS of $(1.64), missing the $(1.40) estimate by 17.14%. However, sales of $89.6M beat the $88.392M estimate, marking an 87.84% increase from the same period last year.
August 08, 2024 | 11:16 am
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NEUTRAL IMPACT
Hippo Holdings reported a Q2 2024 GAAP EPS of $(1.64), missing the $(1.40) estimate by 17.14%. However, sales of $89.6M beat the $88.392M estimate, marking an 87.84% increase from the same period last year.
The mixed results, with a significant EPS miss but a notable sales beat and strong YoY growth, create a neutral short-term impact. Investors may weigh the earnings miss against the strong revenue performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100