Hanover Insurance Q3 2024 Adj EPS $3.05 Beats $2.53 Estimate, Sales $1.48B Miss $1.67B Estimate
Portfolio Pulse from Benzinga Newsdesk
Hanover Insurance reported Q3 2024 earnings per share of $3.05, significantly beating the estimate of $2.53, marking a 1505.26% increase from last year. However, sales were $1.48 billion, missing the $1.67 billion estimate, though up 3.35% from last year.
October 30, 2024 | 8:09 pm
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Hanover Insurance's Q3 2024 EPS of $3.05 beat expectations by 20.55%, showing a massive increase from last year. However, sales of $1.48B missed estimates, indicating potential concerns about revenue growth.
The significant beat in EPS suggests strong profitability, which is positive for the stock. However, the miss in sales estimates could raise concerns about revenue growth, slightly tempering the positive impact.
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