Hamilton Insurance (HG) stock fell slightly but is expected to have strong earnings and revenue growth.

From Nasdaq: 2024-07-19 18:15:20

Hamilton Insurance (HG) saw a -0.77% dip to $16.75, underperforming the S&P 500. Over the past month, the stock rose by 5.24%, surpassing the Finance sector’s 2.01% loss. Anticipated earnings report on August 7, 2024, projects a 160% EPS increase to $0.91 and revenue rise to $502.37 million, up 40.63% YoY.

Zacks Research predicts a 60.66% earnings increase to $3.92 per share and a revenue jump to $2.28 billion, +45% from last year. An EPS estimate revision of +14.29% indicates a positive stock price trend. Hamilton Insurance holds a Zacks Rank of #1 (Strong Buy).

Currently, Hamilton Insurance’s Forward P/E ratio is 4.31, a discount against its industry’s 9.52 ratio. The Insurance – Multi line industry ranks at 171 among Zacks Industry Ranks. Industries with top 50% ratings outperform the lower half by 2 to 1. Follow Zacks.com for stock metrics updates.

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Read more at Nasdaq: Here’s Why Hamilton Insurance (HG) Fell More Than Broader Market