HC2 Holdings (HCHC - Free Report) closed at $3.03 in the latest trading session, marking a +1.68% move from the prior day. This change outpaced the S&P 500's 2.33% loss on the day. At the same time, the Dow lost 2.24%, and the tech-heavy Nasdaq lost 3.05%.
Heading into today, shares of the diversified holding company had lost 41.91% over the past month, lagging the Conglomerates sector's loss of 4.19% and the S&P 500's loss of 1.93% in that time.
HCHC will be looking to display strength as it nears its next earnings release, which is expected to be March 13, 2019. In that report, analysts expect HCHC to post earnings of -$0.16 per share. This would mark a year-over-year decline of 23.08%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $487.29 million, up 6.28% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.61 per share and revenue of $1.94 billion. These totals would mark changes of +464.65% and +18.66%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for HCHC. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 183.9% higher. HCHC is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, HCHC is holding a Forward P/E ratio of 0.83. This represents a discount compared to its industry's average Forward P/E of 16.36.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 106, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.