In the latest close session, HCI Group (HCI) was up +2.32% at $167.42. This change outpaced the S&P 500’s 0.37% loss on the day. Elsewhere, the Dow gained 0.29%, while the tech-heavy Nasdaq lost 1.33%.
Shares of the property and casualty insurance holding company witnessed a gain of 3.7% over the previous month, trailing the performance of the Finance sector with its gain of 4.79%, and outperforming the S&P 500’s gain of 2.02%.
Analysts and investors alike will be keeping a close eye on the performance of HCI Group in its upcoming earnings disclosure. The company is forecasted to report an EPS of $5.08, showcasing a 1.93% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $240.67 million, up 8.45% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $18.07 per share and a revenue of $959.64 million, signifying shifts of -20.47% and +6.51%, respectively, from the last year.
Any recent changes to analyst estimates for HCI Group should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 1.4% higher. At present, HCI Group boasts a Zacks Rank of #2 (Buy).
In terms of valuation, HCI Group is presently being traded at a Forward P/E ratio of 9.05. Its industry sports an average Forward P/E of 10.99, so one might conclude that HCI Group is trading at a discount comparatively.
The Insurance – Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 67, putting it in the top 28% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
