Hanover Insurance Group (THG) Q2 Earnings and Earnings Beat Estimates

HAnover Insurance Group (THG) posted earnings of $2.32 per share, beating the Zacks Consensus Estimate of $2.10 per share. That compares to earnings of $2.85 a share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents a surprising 10.48% dividend yield. Last quarter, we expected this insurance company to post earnings of $3 per share while earning $3.26, a surprise of 8.67%.

In the past four quarters, the company has exceeded EPS estimates four times.

Hanover Insurance, which is in the Zacks Insurance – Property and Casualty industry, posted revenue of $1.37 billion for the quarter ended June 2022, beating the Zacks Consensus Estimate by 1.67%. This compares to last year’s revenue of $1.26 billion. The company has increased its revenue three times over the past four years.

The volatility of the stock price based on recently released numbers and future earnings expectations will depend on management’s comments on the earnings call.

Shares of Hanover Insurance have increased about 2.4% since the start of the year against the S&P 500’s -13.6% decline.

What is Hanover Insurance Coverage?

Although Hanover Insurance has beaten the market so far this year, the question that comes to the mind of investors is: what is next for the business?

There are no easy answers to this important question, but one reliable way to help investors deal with this is the company’s financial performance. Not only does this include earnings expectations for the upcoming quarter, but also how these expectations have changed recently.

Empirical research shows a strong correlation between the management of near-term assets and the performance of reassessing earnings estimates. Investors can track such changes on their own or rely on a benchmarking and benchmarking tool like Zacks Rank, which has an impressive track record of leveraging the power of earnings reviews.

Ahead of this release of money, revised estimate of Hanover Insurance: mixed. Although the size and valuation is expected to change following the recently released financial report, the company’s current position translates into a Zacks Rank #3 (Hold) in the group. Therefore, the shares are expected to perform in line with the market in the near future. You can see a complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how the estimates for the coming quarter and the current fiscal year change in the coming days. The current EPS estimate is $2.08 on $1.36 billion in revenue for the coming quarter and $10.57 on $5.44 billion in revenue for the fiscal year.

Marketers should remember that the appearance of the product can have a material effect on the performance of the product. In terms of Zacks Industry Rank, Insurance – Property and Casualty is in the bottom 45% of the 250 industries including Zacks. Our research shows that the top 50% of industries covered by Zacks outperform the bottom 50% by a factor of 2 to 1.

Argo Group (ARGO), another stock in the same industry, did not report the results for the quarter that ended in June 2022. The results are expected to be released on August 8.

This insurance and casualty insurer is expected to post earnings of $1.18 per share in its upcoming report, which represents a year-over-year change of -26.3%. The adjusted EPS estimate for the quarter has also been revised up 1.8% over the past 30 days to the current level.

Argo Group’s revenue is expected to be $531.9 million, up 1.7% from the previous quarter.

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