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Compared to Estimates, Hanover Insurance (THG) Q2 Earnings: A Look at Key Metrics
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Hanover Insurance Group (THG - Free Report) reported $1.57 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.3%. EPS of $1.88 for the same period compares to -$1.91 a year ago.
The reported revenue represents a surprise of +0.37% over the Zacks Consensus Estimate of $1.57 billion. With the consensus EPS estimate being $1.88, 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
: 99.2% versus 99.3% estimated by three analysts on average.
GAAP Loss and LAE Ratio
: 68.4% compared to the 68.5% average estimate based on three analysts.
GAAP Expense Ratio
: 30.8% versus the three-analyst average estimate of 30.8%.
Revenues- Net investment income
: $90.40 million compared to the $89.39 million average estimate based on three analysts. The reported number represents a change of +3.2% year over year.
Revenues- Premiums earned
: $1.47 billion compared to the $1.47 billion average estimate based on three analysts. The reported number represents a change of +4.4% year over year.
Revenues- Fees and other income
: $7.60 million versus $7.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.
Shares of Hanover Insurance have returned +9.6% over the past month versus the Zacks S&P 500 composite's -0.4% 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.
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Compared to Estimates, Hanover Insurance (THG) Q2 Earnings: A Look at Key Metrics
Hanover Insurance Group (THG - Free Report) reported $1.57 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 4.3%. EPS of $1.88 for the same period compares to -$1.91 a year ago.
The reported revenue represents a surprise of +0.37% over the Zacks Consensus Estimate of $1.57 billion. With the consensus EPS estimate being $1.88, 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:
View all Key Company Metrics for Hanover Insurance here>>>GAAP Combined Ratio
: 99.2% versus 99.3% estimated by three analysts on average.GAAP Loss and LAE Ratio
: 68.4% compared to the 68.5% average estimate based on three analysts.GAAP Expense Ratio
: 30.8% versus the three-analyst average estimate of 30.8%.Revenues- Net investment income
: $90.40 million compared to the $89.39 million average estimate based on three analysts. The reported number represents a change of +3.2% year over year.Revenues- Premiums earned
: $1.47 billion compared to the $1.47 billion average estimate based on three analysts. The reported number represents a change of +4.4% year over year.Revenues- Fees and other income
: $7.60 million versus $7.89 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -2.6% change.Shares of Hanover Insurance have returned +9.6% over the past month versus the Zacks S&P 500 composite's -0.4% 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.