In the latest close session, Hercules Capital (HTGC) was up +1.08% at $18.69. This move outpaced the S&P 500's daily loss of 0.03%. Elsewhere, the Dow saw a downswing of 0.04%, while the tech-heavy Nasdaq depreciated by 0.09%.
Shares of the specialty finance company witnessed a gain of 3.41% over the previous month, trailing the performance of the Finance sector with its gain of 4.37%, and outperforming the S&P 500's gain of 2.57%.
Investors will be eagerly watching for the performance of Hercules Capital in its upcoming earnings disclosure. In that report, analysts expect Hercules Capital to post earnings of $0.48 per share. This would mark a year-over-year decline of 2.04%. Meanwhile, our latest consensus estimate is calling for revenue of $136.72 million, up 12.27% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.92 per share and revenue of $531.8 million, indicating changes of -4% and +7.74%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Hercules Capital. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Hercules Capital possesses a Zacks Rank of #2 (Buy).
In terms of valuation, Hercules Capital is presently being traded at a Forward P/E ratio of 9.65. This indicates a premium in contrast to its industry's Forward P/E of 8.26.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 164, positioning it in the bottom 34% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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Hercules Capital, Inc. (HTGC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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