We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Hanover Insurance (THG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
Read MoreHide Full Article
For the quarter ended September 2023, Hanover Insurance Group (THG - Free Report) reported revenue of $1.52 billion, up 7.9% over the same period last year. EPS came in at $0.19, compared to $0.99 in the year-ago quarter.
The reported revenue represents a surprise of -0.26% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $0.19, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hanover Insurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
GAAP Combined Ratio: 104.4% compared to the 104.4% average estimate based on two analysts.
GAAP Loss and LAE Ratio: 74.2% compared to the 74.2% average estimate based on two analysts.
GAAP Expense Ratio: 30.2% compared to the 30.2% average estimate based on two analysts.
Revenues- Net investment income: $84.20 million compared to the $89.55 million average estimate based on two analysts. The reported number represents a change of +15.3% year over year.
Revenues- Fees and other income: $7.40 million compared to the $8.85 million average estimate based on two analysts. The reported number represents a change of +5.7% year over year.
Revenues- Premiums earned: $1.43 billion versus $1.43 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
Shares of Hanover Insurance have returned +6.2% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Hanover Insurance (THG) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
For the quarter ended September 2023, Hanover Insurance Group (THG - Free Report) reported revenue of $1.52 billion, up 7.9% over the same period last year. EPS came in at $0.19, compared to $0.99 in the year-ago quarter.
The reported revenue represents a surprise of -0.26% over the Zacks Consensus Estimate of $1.53 billion. With the consensus EPS estimate being $0.19, the company has not delivered EPS surprise.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Hanover Insurance performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- GAAP Combined Ratio: 104.4% compared to the 104.4% average estimate based on two analysts.
- GAAP Loss and LAE Ratio: 74.2% compared to the 74.2% average estimate based on two analysts.
- GAAP Expense Ratio: 30.2% compared to the 30.2% average estimate based on two analysts.
- Revenues- Net investment income: $84.20 million compared to the $89.55 million average estimate based on two analysts. The reported number represents a change of +15.3% year over year.
- Revenues- Fees and other income: $7.40 million compared to the $8.85 million average estimate based on two analysts. The reported number represents a change of +5.7% year over year.
- Revenues- Premiums earned: $1.43 billion versus $1.43 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
View all Key Company Metrics for Hanover Insurance here>>>Shares of Hanover Insurance have returned +6.2% over the past month versus the Zacks S&P 500 composite's -2.2% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.