Hagerty, Inc. (HGTY) Tops Q2 Earnings and Revenue Estimates

Group 1: Earnings Performance - Hagerty, Inc. reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.11 per share, and showing an increase from $0.12 per share a year ago, resulting in an earnings surprise of +18.18% [1] - The company posted revenues of $368.7 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.00%, compared to year-ago revenues of $313.23 million [2] - Over the last four quarters, Hagerty has surpassed consensus EPS estimates three times and topped consensus revenue estimates four times [2] Group 2: Stock Performance and Outlook - Hagerty shares have increased by approximately 3.8% since the beginning of the year, while the S&P 500 has gained 6.1% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the upcoming quarter is $0.10 on revenues of $364.63 million, and for the current fiscal year, it is $0.32 on revenues of $1.36 billion [7] Group 3: Industry Context - The Insurance - Property and Casualty industry, to which Hagerty belongs, is currently ranked in the top 39% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8] - Empirical research suggests a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5] - The unfavorable estimate revisions trend prior to the earnings release has resulted in a Zacks Rank 4 (Sell) for Hagerty, indicating expected underperformance in the near future [6]