Hamilton Insurance Group Ltd (HG) Q3 2024 Earnings Report Preview: What To Look For

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8 hours ago

Hamilton Insurance Group Ltd (HG, Financial) is set to release its Q3 2024 earnings on Nov 7, 2024. The consensus estimate for Q3 2024 revenue is $464.40 million, and the earnings are expected to come in at $0.49 per share. The full year 2024's revenue is expected to be $2.30 billion and the earnings are expected to be $3.71 per share. More detailed estimate data can be found on the Forecast page.

Hamilton Insurance Group Ltd (HG, Financial) Estimates Trends

Over the past 90 days, revenue estimates for Hamilton Insurance Group Ltd (HG) have increased from $2.18 billion to $2.30 billion for the full year 2024 and from $2.43 billion to $2.49 billion for 2025. Earnings estimates have also seen an uptick, moving from $3.33 per share to $3.71 per share for the full year 2024, and from $3.48 per share to $3.71 per share for 2025.

Hamilton Insurance Group Ltd (HG, Financial) Reported History

In the previous quarter of June 30, 2024, Hamilton Insurance Group Ltd's (HG) actual revenue was $587.94 million, which beat analysts' revenue expectations of $491.30 million by 19.67%. Hamilton Insurance Group Ltd's (HG) actual earnings were $1.20 per share, which beat analysts' earnings expectations of $0.75 per share by 60%. After releasing the results, Hamilton Insurance Group Ltd (HG) was up by 7.69% in one day.

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Hamilton Insurance Group Ltd (HG, Financial) 12 Month Price Targets

Based on the one-year price targets offered by 6 analysts, the average target price for Hamilton Insurance Group Ltd (HG) is $22.83 with a high estimate of $26 and a low estimate of $20. The average target implies an upside of 27.49% from the current price of $17.91.

Based on GuruFocus estimates, the estimated GF Value for Hamilton Insurance Group Ltd (HG, Financial) in one year is $0, suggesting a downside of -100% from the current price of $17.91.

Based on the consensus recommendation from 7 brokerage firms, Hamilton Insurance Group Ltd's (HG, Financial) average brokerage recommendation is currently 2.0, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.

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This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.