The Hanover Insurance Group Earnings: Here’s Why Investors Like These Results
The Hanover Insurance Group Inc. (NYSE:THG) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.35%.
The Hanover Insurance Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 377.27% to $1.05 in the quarter versus EPS of $0.22 in the year-earlier quarter.
Revenue: Rose 10.27% to $1.24 billion from the year-earlier quarter.
Actual vs. Wall St. Expectations: The Hanover Insurance Group Inc. reported adjusted EPS income of $1.05 per share. By that measure, the company beat the mean analyst estimate of $0.69. It missed the average revenue estimate of $1.28 billion.
Quoting Management: “We are pleased with our earnings this quarter as each of our businesses generated improved results. We have made substantial progress on all of our key priorities, and we remain on target to deliver on our strategic and financial goals for the year,” said Frederick H. Eppinger, chief executive officer at The Hanover.
Key Stats (on next page)…