We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
HCI Group (HCI) Dips More Than Broader Market: What You Should Know
Read MoreHide Full Article
HCI Group (HCI - Free Report) closed at $176.06 in the latest trading session, marking a -1.87% move from the prior day. This change lagged the S&P 500's 0.19% loss on the day. On the other hand, the Dow registered a loss of 0.8%, and the technology-centric Nasdaq decreased by 0.1%.
The stock of property and casualty insurance holding company has fallen by 4.02% in the past month, lagging the Finance sector's gain of 1.58% and the S&P 500's gain of 2.26%.
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 $4.87, indicating a 1470.97% growth compared to the equivalent quarter last 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 full year, the Zacks Consensus Estimates are projecting earnings of $20.29 per share and revenue of $892.05 million, which would represent changes of +173.82% and 0%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HCI Group. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. HCI Group is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, HCI Group is currently being traded at a Forward P/E ratio of 11.22. This expresses a premium compared to the average Forward P/E of 10.45 of its industry.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
HCI Group (HCI) Dips More Than Broader Market: What You Should Know
HCI Group (HCI - Free Report) closed at $176.06 in the latest trading session, marking a -1.87% move from the prior day. This change lagged the S&P 500's 0.19% loss on the day. On the other hand, the Dow registered a loss of 0.8%, and the technology-centric Nasdaq decreased by 0.1%.
The stock of property and casualty insurance holding company has fallen by 4.02% in the past month, lagging the Finance sector's gain of 1.58% and the S&P 500's gain of 2.26%.
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 $4.87, indicating a 1470.97% growth compared to the equivalent quarter last 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 full year, the Zacks Consensus Estimates are projecting earnings of $20.29 per share and revenue of $892.05 million, which would represent changes of +173.82% and 0%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HCI Group. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. HCI Group is currently sporting a Zacks Rank of #3 (Hold).
With respect to valuation, HCI Group is currently being traded at a Forward P/E ratio of 11.22. This expresses a premium compared to the average Forward P/E of 10.45 of its industry.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 166, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. 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.