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Hagerty Q4 Adjusted Loss Narrows as Revenue Increases
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Hagerty Q4 Adjusted Loss Narrows as Revenue Increases
Mar 12, 2024 5:14 AM

07:49 AM EDT, 03/12/2024 (MT Newswires) -- Hagerty ( HGTY ) reported Q4 adjusted loss Tuesday of $0.01 per share, narrower than a loss of $0.10 a year earlier.

That result matched the average estimate of three analysts polled by Capital IQ.

Revenue for the quarter ended Dec. 31 was $245 million, up from $197 million a year earlier.

Two analysts surveyed by Capital IQ expected $246.9 million.

The company said it expects 2024 revenue to be from $1.15 billion to $1.17 billion. Three analysts polled by Capital IQ are expecting $1.16 billion.

Shares of the company were up 2.6% in recent Tuesday premarket activity.

Price: 9.2, Change: +0.23, Percent Change: +2.56

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