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HCI Group (HCI) Stock Falls Amid Market Uptick: What Investors Need to Know
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In the latest close session, HCI Group (HCI - Free Report) was down 1.03% at $160.45. The stock's change was less than the S&P 500's daily gain of 0.5%. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.31%.
Prior to today's trading, shares of the property and casualty insurance holding company had gained 3.63% outpaced the Finance sector's gain of 1.89% and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of HCI Group in its forthcoming earnings report. On that day, HCI Group is projected to report earnings of $5.08 per share, which would represent a year-over-year decline of 1.93%. In the meantime, our current consensus estimate forecasts the revenue to be $240.67 million, indicating a 8.45% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.07 per share and revenue of $959.64 million. These totals would mark changes of -20.47% and +6.51%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for HCI Group. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 a 1.4% rise in the Zacks Consensus EPS estimate. At present, HCI Group boasts a Zacks Rank of #2 (Buy).
Looking at valuation, HCI Group is presently trading at a Forward P/E ratio of 8.97. Its industry sports an average Forward P/E of 10.89, so one might conclude that HCI Group is trading at a discount comparatively.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 78, positioning it in the top 32% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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HCI Group (HCI) Stock Falls Amid Market Uptick: What Investors Need to Know
In the latest close session, HCI Group (HCI - Free Report) was down 1.03% at $160.45. The stock's change was less than the S&P 500's daily gain of 0.5%. At the same time, the Dow added 0.7%, and the tech-heavy Nasdaq gained 0.31%.
Prior to today's trading, shares of the property and casualty insurance holding company had gained 3.63% outpaced the Finance sector's gain of 1.89% and the S&P 500's loss of 0.23%.
The investment community will be closely monitoring the performance of HCI Group in its forthcoming earnings report. On that day, HCI Group is projected to report earnings of $5.08 per share, which would represent a year-over-year decline of 1.93%. In the meantime, our current consensus estimate forecasts the revenue to be $240.67 million, indicating a 8.45% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.07 per share and revenue of $959.64 million. These totals would mark changes of -20.47% and +6.51%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for HCI Group. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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 a 1.4% rise in the Zacks Consensus EPS estimate. At present, HCI Group boasts a Zacks Rank of #2 (Buy).
Looking at valuation, HCI Group is presently trading at a Forward P/E ratio of 8.97. Its industry sports an average Forward P/E of 10.89, so one might conclude that HCI Group is trading at a discount comparatively.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 78, positioning it in the top 32% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.