Hamilton Insurance Group (HG) Q3 earnings: what to expect
Specialty insurance company Hamilton Insurance Group (NYSE:HG) will be reporting earnings this Thursday after market close. Here’s what to expect.
Hamilton Insurance Group beat analysts’ revenue expectations last quarter, reporting revenues of $839.6 million, up 13.3% year on year. It was an incredible quarter for the company, with a beat of analysts’ EPS estimates.
Is Hamilton Insurance Group a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Hamilton Insurance Group’s revenue to grow 3.1% year on year, slowing from the 30.2% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Hamilton Insurance Group rarely misses Wall Street’s revenue estimates.
Looking at Hamilton Insurance Group’s peers in the insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. RenaissanceRe’s revenues decreased 47.1% year on year, missing analysts’ expectations by 25.5%, and RLI reported revenues up 5.3%, topping estimates by 0.5%. RLI traded up 2.5% following the results.
Read our full analysis of RenaissanceRe’s results here and RLI’s results here.
There has been positive sentiment among investors in the insurance segment, with share prices up 5.1% on average over the last month. Hamilton Insurance Group is up 6.8% during the same time and is heading into earnings with an average analyst price target of $38.14 (compared to the current share price of $35.50).
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