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HCI Group (HCI) Exceeds Market Returns: Some Facts to Consider
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In the latest trading session, HCI Group (HCI - Free Report) closed at $204.28, marking a +2.26% move from the previous day. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq lost 0.02%.
The property and casualty insurance holding company's shares have seen an increase of 8.46% over the last month, surpassing the Finance sector's loss of 2.55% and the S&P 500's gain of 0.67%.
Investors will be eagerly watching for the performance of HCI Group in its upcoming earnings disclosure. The company is forecasted to report an EPS of $5.01, showcasing a 2.24% upward movement from the corresponding quarter of the prior 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.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $21.04 per share and a revenue of $980.44 million, representing changes of -7.39% and +8.82%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for HCI Group. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.79% higher. Right now, HCI Group possesses a Zacks Rank of #2 (Buy).
From a valuation perspective, HCI Group is currently exchanging hands at a Forward P/E ratio of 9.5. This denotes a discount relative to the industry average Forward P/E of 11.34.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 70, putting it in the top 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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) Exceeds Market Returns: Some Facts to Consider
In the latest trading session, HCI Group (HCI - Free Report) closed at $204.28, marking a +2.26% move from the previous day. This move outpaced the S&P 500's daily gain of 0.28%. Elsewhere, the Dow gained 1.02%, while the tech-heavy Nasdaq lost 0.02%.
The property and casualty insurance holding company's shares have seen an increase of 8.46% over the last month, surpassing the Finance sector's loss of 2.55% and the S&P 500's gain of 0.67%.
Investors will be eagerly watching for the performance of HCI Group in its upcoming earnings disclosure. The company is forecasted to report an EPS of $5.01, showcasing a 2.24% upward movement from the corresponding quarter of the prior 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.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $21.04 per share and a revenue of $980.44 million, representing changes of -7.39% and +8.82%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for HCI Group. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.79% higher. Right now, HCI Group possesses a Zacks Rank of #2 (Buy).
From a valuation perspective, HCI Group is currently exchanging hands at a Forward P/E ratio of 9.5. This denotes a discount relative to the industry average Forward P/E of 11.34.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 70, putting it in the top 29% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.