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Hercules Capital (HTGC) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest close session, Hercules Capital (HTGC - Free Report) was down 1.73% at $14.17. The stock's change was less than the S&P 500's daily loss of 1.51%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.01%.
Shares of the specialty finance company have depreciated by 7.86% over the course of the past month, underperforming the Finance sector's loss of 6.38%, and the S&P 500's loss of 3.63%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company is expected to report EPS of $0.48, up 6.67% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $137.05 million, indicating a 14.67% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.97 per share and a revenue of $562.82 million, demonstrating changes of +3.14% and +5.7%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Hercules Capital. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Hercules Capital possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Hercules Capital is currently trading at a Forward P/E ratio of 7.33. This signifies a discount in comparison to the average Forward P/E of 7.96 for its industry.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 207, which puts it in the bottom 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Hercules Capital (HTGC) Suffers a Larger Drop Than the General Market: Key Insights
In the latest close session, Hercules Capital (HTGC - Free Report) was down 1.73% at $14.17. The stock's change was less than the S&P 500's daily loss of 1.51%. Elsewhere, the Dow saw a downswing of 0.97%, while the tech-heavy Nasdaq depreciated by 2.01%.
Shares of the specialty finance company have depreciated by 7.86% over the course of the past month, underperforming the Finance sector's loss of 6.38%, and the S&P 500's loss of 3.63%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company is expected to report EPS of $0.48, up 6.67% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $137.05 million, indicating a 14.67% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $1.97 per share and a revenue of $562.82 million, demonstrating changes of +3.14% and +5.7%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Hercules Capital. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Hercules Capital possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Hercules Capital is currently trading at a Forward P/E ratio of 7.33. This signifies a discount in comparison to the average Forward P/E of 7.96 for its industry.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 207, which puts it in the bottom 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.