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Gear Up for HCI Group (HCI) Q3 Earnings: Wall Street Estimates for Key Metrics
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Wall Street analysts expect HCI Group (HCI - Free Report) to post quarterly earnings of $2.35 per share in its upcoming report, which indicates a year-over-year increase of 400%. Revenues are expected to be $224.86 million, up 28.3% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain HCI Group metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Net investment income' should come in at $16.01 million. The estimate indicates a change of +16.8% from the prior-year quarter.
The consensus among analysts is that 'Net premiums earned' will reach $207.01 million. The estimate points to a change of +32.9% from the year-ago quarter.
Analysts predict that the 'Expense Ratio' will reach 30.0%. Compared to the present estimate, the company reported 33.4% in the same quarter last year.
The consensus estimate for 'Combined Ratio' stands at 81.6%. Compared to the present estimate, the company reported 101.3% in the same quarter last year.
Based on the collective assessment of analysts, 'Loss Ratio' should arrive at 51.7%. The estimate compares to the year-ago value of 67.9%.
HCI Group shares have witnessed a change of +5.4% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #2 (Buy), HCI is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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Gear Up for HCI Group (HCI) Q3 Earnings: Wall Street Estimates for Key Metrics
Wall Street analysts expect HCI Group (HCI - Free Report) to post quarterly earnings of $2.35 per share in its upcoming report, which indicates a year-over-year increase of 400%. Revenues are expected to be $224.86 million, up 28.3% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain HCI Group metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Net investment income' should come in at $16.01 million. The estimate indicates a change of +16.8% from the prior-year quarter.
The consensus among analysts is that 'Net premiums earned' will reach $207.01 million. The estimate points to a change of +32.9% from the year-ago quarter.
Analysts predict that the 'Expense Ratio' will reach 30.0%. Compared to the present estimate, the company reported 33.4% in the same quarter last year.
The consensus estimate for 'Combined Ratio' stands at 81.6%. Compared to the present estimate, the company reported 101.3% in the same quarter last year.
Based on the collective assessment of analysts, 'Loss Ratio' should arrive at 51.7%. The estimate compares to the year-ago value of 67.9%.
View all Key Company Metrics for HCI Group here>>>HCI Group shares have witnessed a change of +5.4% in the past month, in contrast to the Zacks S&P 500 composite's +2.4% move. With a Zacks Rank #2 (Buy), HCI is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .