Hartford Finl Servs Gr (NYSE:HIG) is scheduled to release its next earnings results this Thursday, October 24th. Get the latest forecast with Benzinga’s essential guide to the company’s third-quarter earnings report.
What are earnings, net income and earnings per share?
Earnings and earnings per share are good indicators of a company’s profitability. Total earnings, otherwise known as net profits, are the difference between total revenue and total expenses. Earnings per share equals net income divided by the number of shares outstanding.
Profits and turnover
Hartford Finl Servs Gr earnings per share are expected to be around $2.52, according to sell-side analysts. Sales are likely to be around $6.69 billion. Hartford Finl Servs Gr’s earnings per share in the same period last year were $2.29. Sales were $6.17 billion.
What are analyst estimates and earnings surprises and why do they matter?
Wall Street analysts who look at this company will release revenue and earnings per share estimates. The averages of all analysts’ revenue and earnings estimates are called “consensus estimates”; such consensus estimates can have a significant effect on a company’s performance when it releases earnings.
When the company reports earnings or revenue above or below consensus estimates, it is called an “earnings surprise,” which can impact the stock movement based on the difference between the estimates and the actual values.
Analysts’ consensus estimate would represent a 10.04% increase in the company’s earnings per share figure. Revenue would have grown by 8.46% compared to the same quarter of the previous year. Hartford Finl Servs Gr’s earnings fell short of analysts’ prior estimates as follows:
| Quarter | Second quarter 2024 | First quarter 2024 | Fourth quarter 2023 | Third quarter 2023 |
|---|---|---|---|---|
Stock performance
Hartford Finl Servs Gr shares were trading at $120.06 as of October 22. Over the past 52 weeks, shares have risen 66.86%. Since these returns are generally positive, long-term shareholders should be satisfied closer to the earnings report.
It’s no wonder the stock moves following comments made during the conference call. The Hartford Finl Servs Gr call is scheduled for 9:00am ET, can be accessed here:
