Hagerty, Inc. (HGTY) Q1 Earnings and Revenues Surpass Estimates

Core Viewpoint - Hagerty, Inc. (HGTY) reported quarterly earnings of $0.08 per share, exceeding the Zacks Consensus Estimate of $0.02 per share, marking a 300% earnings surprise compared to $0.04 per share a year ago [1][2] Financial Performance - The company achieved revenues of $319.59 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 5.97% and showing an increase from $271.71 million year-over-year [2] - Over the last four quarters, Hagerty has exceeded consensus EPS estimates three times and topped revenue estimates four times [2] Stock Performance and Outlook - Hagerty shares have declined approximately 8% since the beginning of the year, while the S&P 500 has decreased by 4.7% [3] - The current consensus EPS estimate for the upcoming quarter is $0.13 on revenues of $356.86 million, and for the current fiscal year, it is $0.31 on revenues of $1.35 billion [7] Industry Context - The Insurance - Property and Casualty industry, to which Hagerty belongs, is currently ranked in the top 15% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]