In the latest close session, HCI Group (HCI) was down 1.47% at $178.14. This change lagged the S&P 500's daily gain of 0.47%. On the other hand, the Dow registered a gain of 0.11%, and the technology-centric Nasdaq increased by 0.94%.
Coming into today, shares of the property and casualty insurance holding company had gained 15.76% in the past month. In that same time, the Finance sector gained 2.42%, while the S&P 500 gained 2.32%.
Investors will be eagerly watching for the performance of HCI Group in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.64, signifying a 248.94% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $224.86 million, up 28.26% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $16.32 per share and revenue of $891.62 million, which would represent changes of +120.24% and +18.87%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for HCI Group. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.58% higher. HCI Group currently has a Zacks Rank of #2 (Buy).
In terms of valuation, HCI Group is currently trading at a Forward P/E ratio of 11.08. For comparison, its industry has an average Forward P/E of 11.55, 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 32, placing it within the top 13% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
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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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