In the latest trading session, HCI Group (HCI) closed at $155.50, marking a +2.2% move from the previous day. This change outpaced the S&P 500's 0.01% loss on the day. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 0.17%.
The stock of property and casualty insurance holding company has fallen by 20.56% in the past month, lagging the Finance sector's loss of 0.23% and the S&P 500's gain of 0.78%.
Investors will be eagerly watching for the performance of HCI Group in its upcoming earnings disclosure. The company is expected to report EPS of $4.87, up 1470.97% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $231.61 million, up 43.08% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $20.29 per share and a revenue of $892.05 million, indicating changes of +173.82% and 0%, respectively, from the former year.
Any recent changes to analyst estimates for HCI Group should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Within the past 30 days, our consensus EPS projection remained stagnant. HCI Group currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, HCI Group is holding a Forward P/E ratio of 9.51. This represents a discount compared to its industry average Forward P/E of 10.04.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 37% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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