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HCI Group (HCI) Advances While Market Declines: Some Information for Investors
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HCI Group (HCI - Free Report) closed at $197.01 in the latest trading session, marking a +1.26% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.38%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 0.67%.
Coming into today, shares of the property and casualty insurance holding company had gained 11.23% in the past month. In that same time, the Finance sector gained 1.43%, while the S&P 500 gained 4.06%.
Investors will be eagerly watching for the performance of HCI Group in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.64, indicating a 248.94% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $224.86 million, up 28.26% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $16.32 per share and a revenue of $891.62 million, signifying shifts of +120.24% and +18.87%, respectively, from the last year.
Any recent changes to analyst estimates for HCI Group should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. HCI Group currently has a Zacks Rank of #2 (Buy).
In terms of valuation, HCI Group is currently trading at a Forward P/E ratio of 11.92. This valuation marks a discount compared to its industry average Forward P/E of 12.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 38, positioning it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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HCI Group (HCI) Advances While Market Declines: Some Information for Investors
HCI Group (HCI - Free Report) closed at $197.01 in the latest trading session, marking a +1.26% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.38%. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 0.67%.
Coming into today, shares of the property and casualty insurance holding company had gained 11.23% in the past month. In that same time, the Finance sector gained 1.43%, while the S&P 500 gained 4.06%.
Investors will be eagerly watching for the performance of HCI Group in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.64, indicating a 248.94% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $224.86 million, up 28.26% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $16.32 per share and a revenue of $891.62 million, signifying shifts of +120.24% and +18.87%, respectively, from the last year.
Any recent changes to analyst estimates for HCI Group should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. HCI Group currently has a Zacks Rank of #2 (Buy).
In terms of valuation, HCI Group is currently trading at a Forward P/E ratio of 11.92. This valuation marks a discount compared to its industry average Forward P/E of 12.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 38, positioning it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.