Hagerty Future Growth

Future criteria checks 2/6

Hagerty is forecast to grow earnings and revenue by 14.5% and 13% per annum respectively. EPS is expected to grow by 66.1% per annum. Return on equity is forecast to be 15% in 3 years.

Key information

14.5%

Earnings growth rate

66.1%

EPS growth rate

Insurance earnings growth	11.7%
Revenue growth rate	13.0%
Future return on equity	15.0%
Analyst coverage	Low
Last updated	08 Apr 2024

Recent future growth updates

Recent updates

Earnings and Revenue Growth Forecasts

NYSE:HGTY - Analysts future estimates and past financials data (USD Millions)
Date	Revenue	Earnings	Free Cash Flow	Cash from Op	Avg. No. Analysts
12/31/2025	1,300	86	N/A	104	2
12/31/2024	1,162	65	N/A	92	2
12/31/2023	1,000	16	107	134	N/A
9/30/2023	952	-1	61	94	N/A
6/30/2023	893	10	27	66	N/A
3/31/2023	838	2	16	58	N/A
12/31/2022	788	32	11	55	N/A
9/30/2022	745	-15	5	50	N/A
6/30/2022	696	-30	-12	34	N/A
3/31/2022	658	-12	-13	30	N/A
12/31/2021	619	-46	-1	42	N/A
9/30/2021	586	-6	46	91	N/A
6/30/2021	554	5	37	81	N/A
3/31/2021	508	-2	28	70	N/A
12/31/2020	500	10	46	85	N/A
12/31/2019	397	4	41	50	N/A
12/31/2018	302	8	38	46	N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: HGTY's forecast earnings growth (14.5% per year) is above the savings rate (2.3%).

Earnings vs Market: HGTY's earnings (14.5% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: HGTY's earnings are forecast to grow, but not significantly.

Revenue vs Market: HGTY's revenue (13% per year) is forecast to grow faster than the US market (8.1% per year).

High Growth Revenue: HGTY's revenue (13% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: HGTY's Return on Equity is forecast to be low in 3 years time (15%).

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Hagerty Future Growth

Future criteria checks 2/6

Key information

Recent future growth updates

Hagerty, Inc. Increases Earnings Guidance for 2023

Hagerty, Inc. Provides Earnings Guidance for the Year 2023

Hagerty, Inc. Provides Earnings Guidance for the Year 2022

Hagerty, Inc. Revises Earnings Guidance for the Year 2022

Recent updates

High number of new directors

Broad Arrow Auctions Announces Board Appointments

Full year 2023 earnings: EPS exceeds analyst expectations

New major risk - Revenue and earnings growth

Independent Director notifies of intention to sell stock

Hagerty, Inc. Announces Retirement of Michael Angelina from the Board of Directors, Effective from April 2, 2024

Hagerty, Inc. to Report Q4, 2023 Results on Mar 12, 2024

Hagerty: An Overlooked, Fast Growing Niche Insurance Stock

Hagerty, Inc. Appoints Arjun H. Chowdri as Senior Vice President of Membership & Retention

Hagerty, Inc. Names Gary Chard as Its New Senior Vice President of Marketplace Operations

New major risk - Revenue and earnings growth

Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Hagerty, Inc. to Report Q3, 2023 Results on Nov 08, 2023

Hagerty: Lacking Margin Expansions Warrant A Sell

Greenhaven Road Capital - Hagerty: One Day Closer To State Farm

Second quarter 2023 earnings: EPS misses analyst expectations

Hagerty, Inc. Increases Earnings Guidance for 2023

Hagerty, Inc. Announces Executive Changes

Hagerty, Inc. to Report Q2, 2023 Results on Aug 08, 2023

Hagerty, Inc. announced that it has received $79.99998 million in funding

Hagerty, Inc. Provides Earnings Guidance for the Year 2023

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

High number of new directors

Full year 2022 earnings: EPS and revenues exceed analyst expectations

Hagerty, Inc. to Report Q4, 2022 Results on Mar 14, 2023

Hagerty: Stuck In First Gear

High number of new directors

Third quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Hagerty, Inc. Provides Earnings Guidance for the Year 2022

Hagerty Marketplace Launches Online Auctions with 10-Car Capsule Sale

Hagerty, Inc. to Report Q3, 2022 Results on Nov 10, 2022

Hagerty, Inc. Announces Chief Financial Officer Changes

Hagerty appoints Patrick McClymont as CFO

Hagerty, Inc. Revises Earnings Guidance for the Year 2022

Hagerty to acquire Broad Arrow Group

Hagerty, Inc. Appoints Russell Page as Chief Data and Information Officer

Hagerty, Inc. Appoints Russell Page as Chief Data and Information Officer

Hagerty, Inc. to Report Q2, 2022 Results on Aug 10, 2022

Hagerty, Inc. Announces Executive Changes

Hagerty Appoints Jay Koval as Senior Vice President of Investor Relations

Hagerty, Inc. Appoints New Senior Vice President of Internal Audit

Hagerty, Inc. Appoints New Senior Vice President of Internal Audit

First quarter 2022 earnings released

Insufficient new directors

Hagerty Launches Digital Labs Initiative to Help Build and Scale Tech-Driven Solutions for the Automotive Enthusiast Industry

Hagerty, Inc. acquired Speed Digital, LLC.

Hagerty, Inc. to Report Q1, 2022 Results on May 09, 2022

Hagerty Appoints David Pattillo as Senior Vice President of Commercial Partnerships

Hagerty, Inc. Appoints Shoba Menon as Senior Vice President of Talent

Hagerty, Inc. to Report Q4, 2021 Results on Mar 24, 2022

Insufficient new directors

Hagerty, Inc. announced that it has received $703.85 million in funding from State Farm Mutual Automobile Insurance Company, Markel Corporation, and other investors

Earnings and Revenue Growth Forecasts

Analyst Future Growth Forecasts

Earnings per Share Growth Forecasts

Future Return on Equity

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