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HCI Group (HCI) Falls More Steeply Than Broader Market: What Investors Need to Know
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HCI Group (HCI - Free Report) ended the recent trading session at $173.82, demonstrating a -1.51% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
The property and casualty insurance holding company's shares have seen a decrease of 6.05% over the last month, not keeping up with the Finance sector's loss of 4.43% and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of HCI Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.55, reflecting a 27.55% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $248.59 million, reflecting a 14.9% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.08 per share and revenue of $980.44 million, indicating changes of -11.62% and +8.82%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for HCI Group. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 3.11% higher within the past month. As of now, HCI Group holds a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that HCI Group has a Forward P/E ratio of 8.79 right now. For comparison, its industry has an average Forward P/E of 10.74, which means HCI Group is trading at a discount to the group.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons 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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HCI Group (HCI) Falls More Steeply Than Broader Market: What Investors Need to Know
HCI Group (HCI - Free Report) ended the recent trading session at $173.82, demonstrating a -1.51% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.25%. Elsewhere, the Dow lost 0.86%, while the tech-heavy Nasdaq added 0.24%.
The property and casualty insurance holding company's shares have seen a decrease of 6.05% over the last month, not keeping up with the Finance sector's loss of 4.43% and the S&P 500's loss of 0.42%.
Analysts and investors alike will be keeping a close eye on the performance of HCI Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.55, reflecting a 27.55% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $248.59 million, reflecting a 14.9% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.08 per share and revenue of $980.44 million, indicating changes of -11.62% and +8.82%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for HCI Group. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 3.11% higher within the past month. As of now, HCI Group holds a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that HCI Group has a Forward P/E ratio of 8.79 right now. For comparison, its industry has an average Forward P/E of 10.74, which means HCI Group is trading at a discount to the group.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 60, finds itself in the top 25% echelons 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.