In the latest trading session, HCI Group (HCI) closed at $146.09, marking a +0.16% move from the previous day. This change outpaced the S&P 500's 0.13% gain on the day. Meanwhile, the Dow experienced a drop of 1.33%, and the technology-dominated Nasdaq saw a decrease of 0.13%.
Heading into today, shares of the property and casualty insurance holding company had gained 7.07% over the past month, outpacing the Finance sector's loss of 4.51% and the S&P 500's loss of 6.3% in that time.
The investment community will be closely monitoring the performance of HCI Group in its forthcoming earnings report. The company is predicted to post an EPS of $4.49, indicating a 23.01% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $210.17 million, reflecting a 1.72% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $14.98 per share and a revenue of $881.26 million, demonstrating changes of +102.16% and +17.49%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for HCI Group. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, HCI Group holds a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, HCI Group is currently exchanging hands at a Forward P/E ratio of 9.73. For comparison, its industry has an average Forward P/E of 11.57, which means HCI Group is trading at a discount to the group.
The Insurance - Property and Casualty industry is part of the Finance sector. With its current Zacks Industry Rank of 44, this industry ranks in the top 18% of all industries, numbering over 250.
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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).
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