Hagerty Q1 Revenue Misses Estimates by Over 90%, Reporting $26M Against $283M Forecast
HGTY sits 17% above its 52-week low of $8.81.
Summary
Hagerty reported Q1 adjusted EPS of -$0.04, which met analyst estimates. However, the company's Q1 revenue came in at a significantly lower-than-expected $26 million, massively missing the IBES estimate of $283.2 million. This represents a revenue shortfall of over 90% and is a stark contrast to the strong 2025 financial results reported earlier. The substantial revenue miss is a highly material negative surprise, indicating a severe operational or market challenge that could significantly impact the company's valuation and future growth trajectory. Traders will need to understand the drivers behind this drastic decline and monitor management's commentary for revised guidance or strategic adjustments.
At the time of this announcement, HGTY was trading at $10.29 on NYSE in the Finance sector, with a market capitalization of approximately $3.5B. The 52-week trading range was $8.81 to $14.00. This news item was assessed with negative market sentiment and an importance score of 9 out of 10. Source: Reuters.