Hagerty Past Earnings Performance
Past criteria checks 1/6
Hagerty has been growing earnings at an average annual rate of 2.9%, while the Insurance industry saw earnings growing at 8.1% annually. Revenues have been growing at an average rate of 21.3% per year. Hagerty's return on equity is 5%, and it has net margins of 1.6%.
Key information
2.9%
Earnings growth rate
-83.9%
EPS growth rate
| Insurance Industry Growth | 8.0% |
| Revenue growth rate | 21.3% |
| Return on equity | 5.0% |
| Net Margin | 1.6% |
| Next Earnings Update | 07 May 2024 |
Recent past performance updates
Recent updates
Hagerty: An Overlooked, Fast Growing Niche Insurance Stock
Feb 20Take Care Before Diving Into The Deep End On Hagerty, Inc. (NYSE:HGTY)
Nov 10
Hagerty: 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 BreakdownBeta
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 |
|---|---|---|---|---|
| 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 a large one-off loss of $16.5M impacting its last 12 months of financial results to 31st December, 2023.
Growing Profit Margin: HGTY's current net profit margins (1.6%) are lower than last year (4.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: HGTY has become profitable over the past 5 years, growing earnings by 2.9% per year.
Accelerating Growth: HGTY's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: HGTY had negative earnings growth (-50.5%) over the past year, making it difficult to compare to the Insurance industry average (12.1%).
Return on Equity
High ROE: HGTY's Return on Equity (5%) is considered low.