The Hanover Insurance Group is set to announce second-quarter earnings this Tuesday afternoon. Analysts expect revenue to grow 4.6% year on year, roughly in line with the 5.5% increase recorded in the same quarter last year. The company missed revenue expectations last quarter, reporting $1.70 billion, up 5.1% year on year, with a beat on EPS estimates but a significant miss on book value per share. Estimates have been largely reconfirmed over the past 30 days, and the company has missed Wall Street revenue estimates multiple times over the last two years. Peers First American Financial and RLI have already reported Q2 results, with revenue growth of 15% and 5% respectively, both beating expectations. The Hanover Insurance Group shares are up 1.6% over the last month, heading into earnings with an average analyst price target of $216.25 compared to the current share price of $218.11.
The Hanover Insurance Group IncThe article is about Hanover's upcoming Q2 earnings report, with revenue expected to rise 4.6%, but no actual results or surprises are reported yet, making the impact ambiguous.
First American Corporation
RLI Corp