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Hercules Capital (HTGC) Dips More Than Broader Market: What You Should Know
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Hercules Capital (HTGC - Free Report) closed at $16.80 in the latest trading session, marking a -1% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.03%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 0.01%.
Heading into today, shares of the specialty finance company had lost 3.8% over the past month, lagging the Finance sector's loss of 2.98% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company's upcoming EPS is projected at $0.49, signifying steadiness compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $142.2 million, up 2.98% from the year-ago period.
HTGC's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $578.1 million. These results would represent year-over-year changes of +2.09% and +8.56%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Hercules Capital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Hercules Capital currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Hercules Capital is holding a Forward P/E ratio of 8.7. This signifies a premium in comparison to the average Forward P/E of 7.85 for its industry.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Hercules Capital (HTGC) Dips More Than Broader Market: What You Should Know
Hercules Capital (HTGC - Free Report) closed at $16.80 in the latest trading session, marking a -1% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.03%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, added 0.01%.
Heading into today, shares of the specialty finance company had lost 3.8% over the past month, lagging the Finance sector's loss of 2.98% and the S&P 500's gain of 0.53%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company's upcoming EPS is projected at $0.49, signifying steadiness compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $142.2 million, up 2.98% from the year-ago period.
HTGC's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $578.1 million. These results would represent year-over-year changes of +2.09% and +8.56%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Hercules Capital. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Hercules Capital currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Hercules Capital is holding a Forward P/E ratio of 8.7. This signifies a premium in comparison to the average Forward P/E of 7.85 for its industry.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This group has a Zacks Industry Rank of 103, putting it in the top 42% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.