Hagerty Past Earnings Performance
Past criteria checks 3/6
Hagerty has been growing earnings at an average annual rate of 37%, while the Insurance industry saw earnings growing at 12.6% annually. Revenues have been growing at an average rate of 22.1% per year. Hagerty's return on equity is 12.4%, and it has net margins of 1.7%.
Key information
37.0%
Earnings growth rate
-73.6%
EPS growth rate
| Insurance Industry Growth | 8.0% |
| Revenue growth rate | 22.1% |
| Return on equity | 12.4% |
| Net Margin | 1.7% |
| Last Earnings Update | 30 Sep 2024 |
Recent past performance updates
Recent updates
The Price Is Right For Hagerty, Inc. (NYSE:HGTY)
Sep 13
Hagerty: An Overlooked, Fast Growing Niche Insurance Stock
Feb 20Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)
Nov 10Hagerty: Lacking Margin Expansions Warrant A Sell
Aug 26Greenhaven Road Capital - Hagerty: One Day Closer To State Farm
Aug 12Hagerty: Stuck In First Gear
Feb 12Hagerty appoints Patrick McClymont as CFO
Aug 23Hagerty to acquire Broad Arrow Group
Aug 10Revenue & Expenses Breakdown
How Hagerty makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Sep 24 | 1,153 | 20 | 554 | 0 |
| 30 Jun 24 | 1,106 | 21 | 531 | 0 |
| 31 Mar 24 | 1,054 | 15 | 512 | 0 |
| 31 Dec 23 | 1,000 | 16 | 494 | 0 |
| 30 Sep 23 | 952 | -1 | 480 | 0 |
| 30 Jun 23 | 893 | 10 | 463 | 0 |
| 31 Mar 23 | 838 | 2 | 443 | 0 |
| 31 Dec 22 | 788 | 32 | 421 | 0 |
| 30 Sep 22 | 745 | -15 | 396 | 0 |
| 30 Jun 22 | 696 | -30 | 364 | 0 |
| 31 Mar 22 | 658 | -12 | 338 | 0 |
| 31 Dec 21 | 619 | -46 | 313 | 0 |
| 30 Sep 21 | 586 | -6 | 293 | 0 |
| 30 Jun 21 | 554 | 5 | 270 | 0 |
| 31 Mar 21 | 508 | -2 | 251 | 0 |
| 31 Dec 20 | 500 | 10 | 243 | 0 |
| 31 Dec 19 | 397 | 4 | 199 | 0 |
| 31 Dec 18 | 302 | 8 | 147 | 0 |
Quality Earnings: HGTY has high quality earnings.
Growing Profit Margin: HGTY became profitable in the past.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HGTY's earnings have grown significantly by 37% per year over the past 5 years.
Accelerating Growth: HGTY has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: HGTY has become profitable in the last year, making it difficult to compare its past year earnings growth to the Insurance industry (33.2%).
Return on Equity
High ROE: HGTY's Return on Equity (12.4%) is considered low.