Hartford to Report Q2 Earnings With Revenue Expected to Decline 27.9%

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

The Hartford is set to announce second-quarter earnings this Thursday after market hours, with analysts forecasting a 27.9% year-on-year revenue decline. That would reverse the 7.7% increase recorded in the same quarter last year. The company beat revenue expectations last quarter, reporting $7.23 billion, up 6.1% year on year, but missed on book value per share and EPS estimates. Analysts have generally reconfirmed their estimates over the last 30 days, and Hartford has a history of exceeding Wall Street expectations. Peers Travelers and W. R. Berkley have already reported Q2 results, with Travelers posting flat year-on-year revenue and missing estimates by 0.9%, while W. R. Berkley reported revenues up 1.2% and fell short by 1.4%. Hartford shares are up 8.9% over the last month, heading into earnings with an average analyst price target of $149.10 compared to the current share price of $141.00.

Impact on stocks 3

Climate Adaptation & Water · 2 stocks
W. R. Berkley Corp
WRB
± MixedCapitalrelevance

W. R. Berkley reported Q2 revenue up 1.2% but fell short by 1.4%, mentioned as peer context.

Financials · 1 stocks
Hartford Financial Services Group
HIG
± MixedCapitalrelevance

Hartford is about to report Q2 earnings with expected revenue decline of 27.9%, but has history of beating estimates and shares up 8.9% over last month.