Pet insurance provider Trupanion (NASDAQ: TRUP) will be announcing earnings results this Thursday afternoon. Here’s what investors should know.
Trupanion beat analysts’ revenue expectations last quarter, reporting revenues of $392.9 million, up 11.1% year on year. It was an exceptional quarter for the company, with a beat of analysts’ EPS estimates and an impressive beat of analysts’ book value per share estimates.
Is Trupanion a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, the market is expecting Trupanion’s revenue to grow 9.7% year on year, slowing from the 12.1% increase it recorded in the same quarter last year.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Trupanion has a history of exceeding Wall Street’s expectations.
Looking at Trupanion’s peers in the property & casualty insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Assurant delivered year-on-year revenue growth of 9.7%, beating analysts’ expectations by 2.4%, and Markel Group reported revenues up 5.7%, topping estimates by 10%. Markel Group traded up 1.2% following the results.
Read our full analysis of Assurant’s results here and Markel Group’s results here.
There has been positive sentiment among investors in the property & casualty insurance segment, with share prices up 6.9% on average over the last month. Trupanion is up 25.8% during the same time and is heading into earnings with an average analyst price target of $33.25 (compared to the current share price of $30.91).
ONE MORE THING: 3 Hidden Platforms Growing 3X Faster than Amazon, Google, and PayPal. Amazon, Google, and Meta all followed the same playbook: Dominate an ignored market. Build an unbeatable moat. Scale until you’re unstoppable.
These three platforms are running that exact playbook right now. The early investors in Amazon made fortunes. The early investors in these could do the same. Get All 3 Stocks Here for FREE.
