Heritage Insurance coverage (HRTG) reported $210.26 million in income for the quarter ended December 2024, representing a year-over-year improve of 12.5%. EPS of $0.66 for a similar interval compares to $1.15 a yr in the past.
The reported income represents a shock of +5.20% over the Zacks Consensus Estimate of $199.87 million. With the consensus EPS estimate being $0.52, the EPS shock was +26.92%.
Whereas buyers scrutinize income and earnings modifications year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics at all times provide a extra correct image of an organization’s monetary well being.
As these metrics affect top- and bottom-line efficiency, evaluating them to the year-ago numbers and what analysts estimated helps buyers challenge a inventory’s worth efficiency extra precisely.
Right here is how Heritage Insurance coverage carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:
- Ceded Premium Ratio: 44.7% versus the two-analyst common estimate of 45.3%.
- Mixed Ratio: 89.7% versus 94.2% estimated by two analysts on common.
- Expense Ratio: 35% versus 35.4% estimated by two analysts on common.
- Revenues- Internet funding revenue: $8.51 million versus the two-analyst common estimate of $9.91 million. The reported quantity represents a year-over-year change of +26.9%.
- Revenues- Internet premiums earned: $199.28 million versus the two-analyst common estimate of $186.70 million. The reported quantity represents a year-over-year change of +12.1%.
- Revenues- Different income: $3.20 million versus $3.27 million estimated by two analysts on common. In comparison with the year-ago quarter, this quantity represents a -7.8% change.
View all Key Company Metrics for Heritage Insurance here>>>
Shares of Heritage Insurance coverage have returned -3.8% over the previous month versus the Zacks S&P 500 composite’s -7.3% change. The inventory presently has a Zacks Rank #4 (Promote), indicating that it might underperform the broader market within the close to time period.
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Heritage Insurance Holdings, Inc. (HRTG) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
