Core Viewpoint - Hamilton Insurance reported quarterly earnings of $0.74 per share, exceeding the Zacks Consensus Estimate of $0.69 per share, and showing a significant increase from $0.41 per share a year ago, indicating strong performance in the insurance and reinsurance sector [1][2] Financial Performance - The company achieved revenues of $512.84 million for the quarter ended September 2024, which was slightly below the Zacks Consensus Estimate by 0.60%, but up from $396.27 million in the same quarter last year [2] - Over the last four quarters, Hamilton Insurance has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Stock Performance - Hamilton Insurance shares have increased approximately 19.8% since the beginning of the year, while the S&P 500 has gained 21.2%, indicating a slight underperformance relative to the broader market [3] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.82 on revenues of $558.95 million, and for the current fiscal year, it is $4.12 on revenues of $2.32 billion [7] - The estimate revisions trend for Hamilton Insurance is currently unfavorable, resulting in a Zacks Rank 4 (Sell), suggesting expected underperformance in the near future [6] Industry Context - The Insurance - Multi line industry, to which Hamilton Insurance belongs, is currently ranked in the top 31% of over 250 Zacks industries, indicating a favorable industry outlook [8]
Hamilton Insurance (HG) Q3 Earnings Surpass Estimates