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Hercules Capital (HTGC) Advances While Market Declines: Some Information for Investors
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In the latest trading session, Hercules Capital (HTGC - Free Report) closed at $14.20, marking a +2.23% move from the previous day. This change outpaced the S&P 500's 0.4% loss on the day. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, lost 0.73%.
Prior to today's trading, shares of the specialty finance company had lost 2.25% was narrower than the Finance sector's loss of 8.12% and the S&P 500's loss of 7.34%.
The investment community will be closely monitoring the performance of Hercules Capital in its forthcoming earnings report. The company is predicted to post an EPS of $0.48, indicating a 6.67% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $137.05 million, indicating a 14.67% growth compared to the corresponding quarter of the prior 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 take note of any recent adjustments to analyst estimates for Hercules Capital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Hercules Capital is holding a Zacks Rank of #4 (Sell) right now.
In the context of valuation, Hercules Capital is at present trading with a Forward P/E ratio of 7.06. This signifies a discount in comparison to the average Forward P/E of 7.61 for its industry.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 211, positioning it in the bottom 14% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Hercules Capital (HTGC) Advances While Market Declines: Some Information for Investors
In the latest trading session, Hercules Capital (HTGC - Free Report) closed at $14.20, marking a +2.23% move from the previous day. This change outpaced the S&P 500's 0.4% loss on the day. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, lost 0.73%.
Prior to today's trading, shares of the specialty finance company had lost 2.25% was narrower than the Finance sector's loss of 8.12% and the S&P 500's loss of 7.34%.
The investment community will be closely monitoring the performance of Hercules Capital in its forthcoming earnings report. The company is predicted to post an EPS of $0.48, indicating a 6.67% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $137.05 million, indicating a 14.67% growth compared to the corresponding quarter of the prior 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 take note of any recent adjustments to analyst estimates for Hercules Capital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Hercules Capital is holding a Zacks Rank of #4 (Sell) right now.
In the context of valuation, Hercules Capital is at present trading with a Forward P/E ratio of 7.06. This signifies a discount in comparison to the average Forward P/E of 7.61 for its industry.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 211, positioning it in the bottom 14% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.