We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Wall Street's Insights Into Key Metrics Ahead of HCI Group (HCI) Q2 Earnings
Read MoreHide Full Article
Wall Street analysts forecast that HCI Group (HCI - Free Report) will report quarterly earnings of $4.47 per share in its upcoming release, pointing to a year-over-year increase of 6.2%. It is anticipated that revenues will amount to $218.5 million, exhibiting an increase of 5.9% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain HCI Group metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net investment income' to reach $14.88 million. The estimate indicates a year-over-year change of -11.8%.
The combined assessment of analysts suggests that 'Net premiums earned' will likely reach $201.18 million. The estimate indicates a change of +7.7% from the prior-year quarter.
Based on the collective assessment of analysts, 'Expense Ratio' should arrive at 28.0%. Compared to the current estimate, the company reported 25.9% in the same quarter of the previous year.
It is projected by analysts that the 'Combined Ratio' will reach 68.0%. Compared to the present estimate, the company reported 67.9% in the same quarter last year.
According to the collective judgment of analysts, 'Loss Ratio' should come in at 40.0%. Compared to the present estimate, the company reported 41.9% in the same quarter last year.
Shares of HCI Group have demonstrated returns of -5.4% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #3 (Hold), HCI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Wall Street's Insights Into Key Metrics Ahead of HCI Group (HCI) Q2 Earnings
Wall Street analysts forecast that HCI Group (HCI - Free Report) will report quarterly earnings of $4.47 per share in its upcoming release, pointing to a year-over-year increase of 6.2%. It is anticipated that revenues will amount to $218.5 million, exhibiting an increase of 5.9% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain HCI Group metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Net investment income' to reach $14.88 million. The estimate indicates a year-over-year change of -11.8%.
The combined assessment of analysts suggests that 'Net premiums earned' will likely reach $201.18 million. The estimate indicates a change of +7.7% from the prior-year quarter.
Based on the collective assessment of analysts, 'Expense Ratio' should arrive at 28.0%. Compared to the current estimate, the company reported 25.9% in the same quarter of the previous year.
It is projected by analysts that the 'Combined Ratio' will reach 68.0%. Compared to the present estimate, the company reported 67.9% in the same quarter last year.
According to the collective judgment of analysts, 'Loss Ratio' should come in at 40.0%. Compared to the present estimate, the company reported 41.9% in the same quarter last year.
View all Key Company Metrics for HCI Group here>>>Shares of HCI Group have demonstrated returns of -5.4% over the past month compared to the Zacks S&P 500 composite's +0.6% change. With a Zacks Rank #3 (Hold), HCI is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .