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Hercules Capital (HTGC) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, Hercules Capital (HTGC - Free Report) closed at $16.74, marking a -1.18% move from the previous day. This change lagged the S&P 500's 0.73% gain on the day. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 1.19%.
The specialty finance company's shares have seen a decrease of 4.4% over the last month, not keeping up with the Finance sector's loss of 4.15% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company is expected to report EPS of $0.49, unchanged from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $142.2 million, reflecting a 2.98% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.95 per share and revenue of $578.1 million, indicating changes of +2.09% and +8.56%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Hercules Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Hercules Capital holds a Zacks Rank of #3 (Hold).
In terms of valuation, Hercules Capital is currently trading at a Forward P/E ratio of 8.69. This indicates a premium in contrast to its industry's Forward P/E of 7.49.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 40% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Hercules Capital (HTGC) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Hercules Capital (HTGC - Free Report) closed at $16.74, marking a -1.18% move from the previous day. This change lagged the S&P 500's 0.73% gain on the day. Elsewhere, the Dow gained 0.49%, while the tech-heavy Nasdaq added 1.19%.
The specialty finance company's shares have seen a decrease of 4.4% over the last month, not keeping up with the Finance sector's loss of 4.15% and the S&P 500's gain of 0.55%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company is expected to report EPS of $0.49, unchanged from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $142.2 million, reflecting a 2.98% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.95 per share and revenue of $578.1 million, indicating changes of +2.09% and +8.56%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Hercules Capital. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Hercules Capital holds a Zacks Rank of #3 (Hold).
In terms of valuation, Hercules Capital is currently trading at a Forward P/E ratio of 8.69. This indicates a premium in contrast to its industry's Forward P/E of 7.49.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 40% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.