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What Analyst Projections for Key Metrics Reveal About The Hartford Insurance Group (HIG) Q2 Earnings
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Analysts on Wall Street project that The Hartford Insurance Group (HIG - Free Report) will announce quarterly earnings of $3.13 per share in its forthcoming report, representing a decline of 8.2% year over year. Revenues are projected to reach $5.19 billion, increasing 6% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific The Hartford Insurance Group metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Earned Premium- Personal Insurance' will likely reach $914.38 million. The estimate suggests a change of -1.8% year over year.
Analysts forecast 'Revenue- Property & Casualty- Net investment income' to reach $588.83 million. The estimate indicates a change of +11.9% from the prior-year quarter.
The average prediction of analysts places 'Employee Benefits- Total revenues' at $1.83 billion. The estimate indicates a year-over-year change of +3.8%.
According to the collective judgment of analysts, 'Employee Benefits- Net investment income' should come in at $135.29 million. The estimate indicates a year-over-year change of +14.7%.
The collective assessment of analysts points to an estimated 'Business Insurance- Underlying combined ratio' of 88.6%. The estimate is in contrast to the year-ago figure of 88.0%.
Analysts predict that the 'Business Insurance- Loss and loss adjustment expense ratio' will reach 60.8%. Compared to the present estimate, the company reported 56.1% in the same quarter last year.
The consensus among analysts is that 'Business Insurance- Expense ratio' will reach 30.9%. Compared to the present estimate, the company reported 30.6% in the same quarter last year.
The consensus estimate for 'Business Insurance- Combined ratio' stands at 91.9%. The estimate is in contrast to the year-ago figure of 87.0%.
Analysts' assessment points toward 'Employee Benefits- Expense ratio' reaching 25.9%. Compared to the current estimate, the company reported 25.7% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Employee Benefits- Total loss ratio' should arrive at 72.2%. The estimate compares to the year-ago value of 69.1%.
Analysts expect 'Policies in-force - Homeowners' to come in at 720.00 billion. Compared to the present estimate, the company reported 724.00 billion in the same quarter last year.
It is projected by analysts that the 'Policies in-force - Automobile' will reach 999.50 billion. Compared to the present estimate, the company reported 1121.00 billion in the same quarter last year.
Over the past month, The Hartford Insurance Group shares have recorded returns of +9.4% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #4 (Sell), HIG will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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What Analyst Projections for Key Metrics Reveal About The Hartford Insurance Group (HIG) Q2 Earnings
Analysts on Wall Street project that The Hartford Insurance Group (HIG - Free Report) will announce quarterly earnings of $3.13 per share in its forthcoming report, representing a decline of 8.2% year over year. Revenues are projected to reach $5.19 billion, increasing 6% from the same quarter last year.
Over the last 30 days, there has been a downward revision of 2% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific The Hartford Insurance Group metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Earned Premium- Personal Insurance' will likely reach $914.38 million. The estimate suggests a change of -1.8% year over year.
Analysts forecast 'Revenue- Property & Casualty- Net investment income' to reach $588.83 million. The estimate indicates a change of +11.9% from the prior-year quarter.
The average prediction of analysts places 'Employee Benefits- Total revenues' at $1.83 billion. The estimate indicates a year-over-year change of +3.8%.
According to the collective judgment of analysts, 'Employee Benefits- Net investment income' should come in at $135.29 million. The estimate indicates a year-over-year change of +14.7%.
The collective assessment of analysts points to an estimated 'Business Insurance- Underlying combined ratio' of 88.6%. The estimate is in contrast to the year-ago figure of 88.0%.
Analysts predict that the 'Business Insurance- Loss and loss adjustment expense ratio' will reach 60.8%. Compared to the present estimate, the company reported 56.1% in the same quarter last year.
The consensus among analysts is that 'Business Insurance- Expense ratio' will reach 30.9%. Compared to the present estimate, the company reported 30.6% in the same quarter last year.
The consensus estimate for 'Business Insurance- Combined ratio' stands at 91.9%. The estimate is in contrast to the year-ago figure of 87.0%.
Analysts' assessment points toward 'Employee Benefits- Expense ratio' reaching 25.9%. Compared to the current estimate, the company reported 25.7% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Employee Benefits- Total loss ratio' should arrive at 72.2%. The estimate compares to the year-ago value of 69.1%.
Analysts expect 'Policies in-force - Homeowners' to come in at 720.00 billion. Compared to the present estimate, the company reported 724.00 billion in the same quarter last year.
It is projected by analysts that the 'Policies in-force - Automobile' will reach 999.50 billion. Compared to the present estimate, the company reported 1121.00 billion in the same quarter last year.
View all Key Company Metrics for The Hartford Insurance Group here>>>Over the past month, The Hartford Insurance Group shares have recorded returns of +9.4% versus the Zacks S&P 500 composite's +0.6% change. Based on its Zacks Rank #4 (Sell), HIG will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .