HCI Group (HCI) closed at $110.22 within the newest buying and selling session, marking a +0.8% transfer from the prior day. The inventory exceeded the S&P 500, which registered a lack of 1.2% for the day. On the similar time, the Dow misplaced 0.65%, and the tech-heavy Nasdaq misplaced 1.79%.
The property and casualty insurance coverage holding firm’s shares have seen a lower of 1.81% over the past month, surpassing the Finance sector’s lack of 5.6% and falling behind the S&P 500’s lack of 0.85%.
The upcoming earnings launch of HCI Group will probably be of nice curiosity to traders. The corporate’s earnings report is anticipated on Might 8, 2024. The corporate’s earnings per share (EPS) are projected to be $2.74, reflecting an 82.67% improve from the identical quarter final 12 months. Our most up-to-date consensus estimate is asking for quarterly income of $189.17 million, up 46.61% from the year-ago interval.
For the annual interval, the Zacks Consensus Estimates anticipate earnings of $10.33 per share and a income of $796.57 million, signifying shifts of +39.41% and +44.65%, respectively, from the final 12 months.
It is also vital for traders to pay attention to any current modifications to analyst estimates for HCI Group. These revisions assist to point out the ever-changing nature of near-term enterprise developments. As such, constructive estimate revisions replicate analyst optimism concerning the firm’s enterprise and profitability.
Our analysis reveals that these estimate alterations are immediately linked with the inventory worth efficiency within the close to future. To take advantage of this, we have fashioned the Zacks Rank, a quantitative mannequin that features these estimate modifications and presents a viable score system.
The Zacks Rank system, working from #1 (Sturdy Purchase) to #5 (Sturdy Promote), holds an admirable observe report of superior efficiency, independently audited, with #1 shares contributing a mean annual return of +25% since 1988. During the last 30 days, the Zacks Consensus EPS estimate has moved 1.01% larger. HCI Group is presently sporting a Zacks Rank of #1 (Sturdy Purchase).
When it comes to valuation, HCI Group is presently buying and selling at a Ahead P/E ratio of 10.59. For comparability, its business has a mean Ahead P/E of 12.8, which implies HCI Group is buying and selling at a reduction to the group.
The Insurance coverage – Property and Casualty business is a part of the Finance sector. With its present Zacks Business Rank of 44, this business ranks within the high 18% of all industries, numbering over 250.
The Zacks Business Rank assesses the energy of our separate business teams by calculating the typical Zacks Rank of the person shares contained inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
Remember to make use of Zacks.com to maintain observe of all these stock-moving metrics, and others, within the upcoming buying and selling periods.
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HCI Group, Inc. (HCI) : Free Stock Analysis Report
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