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Hagerty Inc Class A (HGTY)
NYSE:HGTY
Earnings Data
Report Date
Aug 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.11Last Year’s EPS
0.12Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 7.32%
|Next Earnings Date:Aug 12, 2025
Earnings Call Sentiment|Positive
The earnings call reflects a positive outlook with significant revenue and profitability growth, strong retention rates, and successful strategic initiatives. However, the company faced challenges such as natural disaster impacts and slower-than-expected growth in new customer acquisition.Company Guidance
During Hagerty's first quarter 2025 earnings call, the company provided guidance indicating a robust performance and positive outlook. Total revenue increased by 18%, driven by a 12% rise in written premiums and a 13% growth in commission revenue. Membership, Marketplace, and Other revenue surged 60%, supported by successful auction events. Operating margin improved by 360 basis points, resulting in a net income gain of 233% and a 45% growth in adjusted EBITDA. Hagerty reaffirmed its 2025 guidance, projecting top-line revenue growth of 12% to 13% and anticipated net income between $102 million and $110 million, with adjusted EBITDA expected to reach $150 million to $160 million. The company emphasized strategic priorities focused on expanding specialty insurance offerings, improving membership integration, and enhancing their marketplace business, alongside significant technology investments expected to drive long-term efficiencies and growth.Record Revenue Growth
Total revenue increased by 18% to $320 million in the first quarter of 2025, driven by new business gains and strong retention rates.
Significant Profitability Improvement
Operating margin increased by 360 basis points to 8%, with net income rising by 233% and adjusted EBITDA growing by 45%.
Success in Membership and Marketplace
Membership, Marketplace, and Other revenue increased by 60%, with notable performance in auctions at Amelia Concours and the Academy of Art University.
Strong Retention and Expansion Initiatives
Industry-leading retention rate of 89%. Plans to expand specialty insurance offerings and launch the Enthusiast Plus program.
Strategic Technology Investments
Progress on technology transformation with the transition to the Duck Creek platform, running on schedule and on budget.
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HGTY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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HGTY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2025 | $8.88 | $9.75 | +9.80% |
Mar 04, 2025 | $10.01 | $9.90 | -1.10% |
Nov 07, 2024 | $11.95 | $11.43 | -4.35% |
Aug 06, 2024 | $10.54 | $10.78 | +2.28% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Hagerty Inc Class A (HGTY) report earnings?
Hagerty Inc Class A (HGTY) is schdueled to report earning on Aug 12, 2025, TBA Not Confirmed.
What is Hagerty Inc Class A (HGTY) earnings time?
Hagerty Inc Class A (HGTY) earnings time is at Aug 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HGTY EPS forecast?
HGTY EPS forecast for the fiscal quarter 2025 (Q2) is 0.11.
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