Heritage Insurance (HRTG) Beats Q3 Earnings and Revenue Estimates
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Heritage Insurance (HRTG) reported Q3 earnings of $0.27 per share, surpassing the Zacks Consensus Estimate of $0.02 per share, and showing a significant improvement from a loss of $0.28 per share a year ago.
November 07, 2024 | 12:00 am
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Heritage Insurance reported Q3 earnings of $0.27 per share, significantly beating the Zacks Consensus Estimate of $0.02 per share, and showing a major improvement from a loss of $0.28 per share a year ago.
The significant earnings beat and turnaround from a loss to a profit is likely to positively impact HRTG's stock price in the short term. Investors often react favorably to companies that exceed earnings expectations, especially when there is a substantial improvement from the previous year.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100