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HCI Group (HCI) Stock Drops Despite Market Gains: Important Facts to Note
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In the latest trading session, HCI Group (HCI - Free Report) closed at $183.89, marking a -4.07% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.03%.
The property and casualty insurance holding company's shares have seen an increase of 10.8% over the last month, surpassing the Finance sector's gain of 2.08% and the S&P 500's gain of 0.54%.
The upcoming earnings release of HCI Group will be of great interest to investors. It is anticipated that the company will report an EPS of $4.87, marking a 1470.97% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $231.61 million, indicating a 43.08% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $20.29 per share and a revenue of $892.05 million, signifying shifts of +173.82% and 0%, respectively, from the last year.
Any recent changes to analyst estimates for HCI Group should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. HCI Group is currently a Zacks Rank #2 (Buy).
In terms of valuation, HCI Group is currently trading at a Forward P/E ratio of 11.98. This signifies a premium in comparison to the average Forward P/E of 10.6 for its industry.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 44, finds itself in the top 18% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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HCI Group (HCI) Stock Drops Despite Market Gains: Important Facts to Note
In the latest trading session, HCI Group (HCI - Free Report) closed at $183.89, marking a -4.07% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.19% for the day. Elsewhere, the Dow saw an upswing of 0.66%, while the tech-heavy Nasdaq depreciated by 0.03%.
The property and casualty insurance holding company's shares have seen an increase of 10.8% over the last month, surpassing the Finance sector's gain of 2.08% and the S&P 500's gain of 0.54%.
The upcoming earnings release of HCI Group will be of great interest to investors. It is anticipated that the company will report an EPS of $4.87, marking a 1470.97% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $231.61 million, indicating a 43.08% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $20.29 per share and a revenue of $892.05 million, signifying shifts of +173.82% and 0%, respectively, from the last year.
Any recent changes to analyst estimates for HCI Group should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Over the past month, there's been no change in the Zacks Consensus EPS estimate. HCI Group is currently a Zacks Rank #2 (Buy).
In terms of valuation, HCI Group is currently trading at a Forward P/E ratio of 11.98. This signifies a premium in comparison to the average Forward P/E of 10.6 for its industry.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 44, finds itself in the top 18% echelons 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.