Hagerty Inc reports results for the quarter ended March 31 - Earnings Summary

• Hagerty Inc HGTY.N reported quarterly adjusted earnings of 8 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of three analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from 1 cents to 4 cents per share.

• Revenue rose 17.6% to $319.59 million from a year ago; analysts expected $299.92 million.

• Hagerty Inc's reported EPS for the quarter was 7 cents​.

• The company reported quarterly net income of $6.5 million.

• Hagerty Inc shares had fallen by 1.8% this quarter and lost 8.0% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 58.8% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 2 "hold" and 1 "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is also "hold"

• Wall Street's median 12-month price target for Hagerty Inc is $11.00

This summary was machine generated from LSEG data May 7 at 01:32 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)