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Hercules Capital (HTGC) Stock Declines While Market Improves: Some Information for Investors
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In the latest close session, Hercules Capital (HTGC - Free Report) was down 1.22% at $18.61. This move lagged the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.99%, and the tech-heavy Nasdaq gained 0.65%.
Coming into today, shares of the specialty finance company had lost 0.74% in the past month. In that same time, the Finance sector gained 2.85%, while the S&P 500 gained 0.59%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company's earnings per share (EPS) are projected to be $0.48, reflecting a 2.04% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $136.72 million, indicating a 12.27% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.92 per share and a revenue of $531.8 million, representing changes of -4% and 0%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Hercules Capital. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.33% rise in the Zacks Consensus EPS estimate. As of now, Hercules Capital holds a Zacks Rank of #3 (Hold).
Investors should also note Hercules Capital's current valuation metrics, including its Forward P/E ratio of 9.37. This indicates a premium in contrast to its industry's Forward P/E of 8.96.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Hercules Capital (HTGC) Stock Declines While Market Improves: Some Information for Investors
In the latest close session, Hercules Capital (HTGC - Free Report) was down 1.22% at $18.61. This move lagged the S&P 500's daily gain of 0.62%. At the same time, the Dow added 0.99%, and the tech-heavy Nasdaq gained 0.65%.
Coming into today, shares of the specialty finance company had lost 0.74% in the past month. In that same time, the Finance sector gained 2.85%, while the S&P 500 gained 0.59%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company's earnings per share (EPS) are projected to be $0.48, reflecting a 2.04% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $136.72 million, indicating a 12.27% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.92 per share and a revenue of $531.8 million, representing changes of -4% and 0%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Hercules Capital. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.33% rise in the Zacks Consensus EPS estimate. As of now, Hercules Capital holds a Zacks Rank of #3 (Hold).
Investors should also note Hercules Capital's current valuation metrics, including its Forward P/E ratio of 9.37. This indicates a premium in contrast to its industry's Forward P/E of 8.96.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.