HCI Group (HCI - Free Report) reported $162.67 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 35.6%. EPS of $3.22 for the same period compares to $0.06 a year ago.
The reported revenue represents a surprise of +11.35% over the Zacks Consensus Estimate of $146.09 million. With the consensus EPS estimate being $1.41, the EPS surprise was +128.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HCI Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net investment income: $10.34 million versus the three-analyst average estimate of $9.55 million. The reported number represents a year-over-year change of +40.4%.
- Policy fee income: $1.05 million compared to the $1.24 million average estimate based on three analysts. The reported number represents a change of -4.2% year over year.
- Net premiums earned: $148.61 million compared to the $134.72 million average estimate based on three analysts. The reported number represents a change of +40.3% year over year.
- Other: $0.24 million versus the three-analyst average estimate of $0.62 million. The reported number represents a year-over-year change of -83%.
View all Key Company Metrics for HCI Group here>>>Shares of HCI Group have returned +7.8% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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HCI Group (HCI - Free Report) reported $162.67 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 35.6%. EPS of $3.22 for the same period compares to $0.06 a year ago.
The reported revenue represents a surprise of +11.35% over the Zacks Consensus Estimate of $146.09 million. With the consensus EPS estimate being $1.41, the EPS surprise was +128.37%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how HCI Group performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net investment income: $10.34 million versus the three-analyst average estimate of $9.55 million. The reported number represents a year-over-year change of +40.4%.
- Policy fee income: $1.05 million compared to the $1.24 million average estimate based on three analysts. The reported number represents a change of -4.2% year over year.
- Net premiums earned: $148.61 million compared to the $134.72 million average estimate based on three analysts. The reported number represents a change of +40.3% year over year.
- Other: $0.24 million versus the three-analyst average estimate of $0.62 million. The reported number represents a year-over-year change of -83%.
View all Key Company Metrics for HCI Group here>>>Shares of HCI Group have returned +7.8% over the past month versus the Zacks S&P 500 composite's +3.2% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
4 Oil Stocks with Massive Upsides
Global demand for oil is through the roof... and oil producers are struggling to keep up. So even though oil prices are well off their recent highs, you can expect big profits from the companies that supply the world with "black gold."
Zacks Investment Research has just released an urgent special report to help you bank on this trend.
In Oil Market on Fire, you'll discover 4 unexpected oil and gas stocks positioned for big gains in the coming weeks and months. You don't want to miss these recommendations.
Download your free report now to see them.
Get the latest research report on HCI - FREE