HCI Group (HCI) closed at $148.13 in the latest trading session, marking a +1.91% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, lost 0.53%.
The property and casualty insurance holding company's shares have seen an increase of 19.8% over the last month, surpassing the Finance sector's loss of 0.51% and the S&P 500's loss of 4.03%.
The investment community will be closely monitoring the performance of HCI Group in its forthcoming earnings report. The company's upcoming EPS is projected at $4.49, signifying a 23.01% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $210.17 million, indicating a 1.72% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.98 per share and revenue of $881.26 million. These totals would mark changes of +102.16% and +17.49%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for HCI Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 10.99% higher within the past month. HCI Group is holding a Zacks Rank of #1 (Strong Buy) right now.
From a valuation perspective, HCI Group is currently exchanging hands at a Forward P/E ratio of 9.7. For comparison, its industry has an average Forward P/E of 11.88, which means HCI Group is trading at a discount to the group.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 45, placing it within the top 18% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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HCI Group, Inc. (HCI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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