Hippo Holdings Inc. (HIPO) Reports Q3 Loss, Tops Revenue Estimates

Core Insights - Hippo Holdings Inc. reported a quarterly loss of $0.34 per share, significantly better than the Zacks Consensus Estimate of a loss of$1, and an improvement from a loss of $2.24 per share a year ago, representing an earnings surprise of 66$95.5 million for the quarter ended September 2024, exceeding the Zacks Consensus Estimate by 1.38% and showing a substantial increase from $57.7 million in the same quarter last year [2] - Hippo Holdings shares have increased approximately 159$0.48 on revenues of $102.5 million, and for the current fiscal year, it is -$4.60 on revenues of $371.55 million [7] - The estimate revisions trend for Hippo Holdings is favorable, leading to a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Insurance - Multi line industry, to which Hippo Holdings belongs, is currently ranked in the top 25% of over 250 Zacks industries, suggesting a positive outlook for stocks within this sector [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]