Hagerty, Inc. Reports Q4 Earnings Decline Amid Revenue Growth

Hagerty, Inc. reports Q4 earnings significantly down but shows revenue growth. Earnings plummet to $1.23 million while revenue reaches $291.73 million, marking a mixed performance.

Date: 04-03-2025

AI Rating: 5

Earnings Per Share (EPS): Hagerty, Inc. reported an EPS of $0.01 in Q4, a decline from $0.03 in the same period last year. This decline in earnings suggests that the company's profitability has worsened and could impact investor confidence.

Revenue Growth: The company's revenue increased to $291.73 million in Q4, compared to $245.04 million in the same period last year. This growth reflects resilience in its sales despite the drop in earnings, which might reassure investors about the company's ability to generate income.

The drop in net income from $12.73 million the previous year to $1.23 million indicates serious concerns about profitability, leading to potential negative sentiment among investors.

Overall, the mixed results—high revenue but low EPS—may lead to volatility in the stock prices for Hagerty, Inc., as investors weigh the implications of reduced earnings against improving revenue. Investors should monitor potential trends in profitability moving forward.

Stocks: HGTY