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HCI Group (HCI) Stock Slides as Market Rises: Facts to Know Before You Trade
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HCI Group (HCI - Free Report) closed at $184.19 in the latest trading session, marking a -1.85% move from the prior day. This change lagged the S&P 500's 1.49% gain on the day. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
Heading into today, shares of the property and casualty insurance holding company had gained 2.82% over the past month, outpacing the Finance sector's loss of 2.25% and the S&P 500's gain of 0.1%.
The upcoming earnings release of HCI Group will be of great interest to investors. The company is predicted to post an EPS of $3.55, indicating a 27.55% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $248.59 million, indicating a 14.9% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $20.08 per share and a revenue of $980.44 million, indicating changes of -11.62% and +8.82%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for HCI Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 3.11% rise in the Zacks Consensus EPS estimate. HCI Group presently features a Zacks Rank of #2 (Buy).
Looking at valuation, HCI Group is presently trading at a Forward P/E ratio of 9.35. This represents a discount compared to its industry average Forward P/E of 11.27.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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HCI Group (HCI) Stock Slides as Market Rises: Facts to Know Before You Trade
HCI Group (HCI - Free Report) closed at $184.19 in the latest trading session, marking a -1.85% move from the prior day. This change lagged the S&P 500's 1.49% gain on the day. Elsewhere, the Dow gained 0.71%, while the tech-heavy Nasdaq added 2.26%.
Heading into today, shares of the property and casualty insurance holding company had gained 2.82% over the past month, outpacing the Finance sector's loss of 2.25% and the S&P 500's gain of 0.1%.
The upcoming earnings release of HCI Group will be of great interest to investors. The company is predicted to post an EPS of $3.55, indicating a 27.55% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $248.59 million, indicating a 14.9% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $20.08 per share and a revenue of $980.44 million, indicating changes of -11.62% and +8.82%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for HCI Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 3.11% rise in the Zacks Consensus EPS estimate. HCI Group presently features a Zacks Rank of #2 (Buy).
Looking at valuation, HCI Group is presently trading at a Forward P/E ratio of 9.35. This represents a discount compared to its industry average Forward P/E of 11.27.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 71, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.