Why Hagerty (HGTY) is Poised to Beat Earnings Estimates Again

Core Insights - Hagerty, Inc. (HGTY) has a strong track record of beating earnings estimates, with an average surprise of 31.31% over the last two quarters [1][2] Earnings Performance - For the last reported quarter, Hagerty achieved earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of $0.09 per share, resulting in a surprise of 44.44% [2] - In the previous quarter, the company was expected to report earnings of $0.11 per share but delivered $0.13 per share, leading to a surprise of 18.18% [2] Earnings Estimates and Predictions - There has been a favorable change in earnings estimates for Hagerty, with a positive Earnings ESP (Expected Surprise Prediction) indicating a strong likelihood of an earnings beat [5] - The current Earnings ESP for Hagerty is +14.29%, suggesting that analysts are optimistic about the company's earnings prospects [8] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) indicates a high probability of another earnings beat [8] Statistical Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [6] - The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [7]