HCI Group (HCI) closed the most recent trading day at $186.73, moving +1.25% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.22%. Meanwhile, the Dow lost 0.66%, and the Nasdaq, a tech-heavy index, lost 0.22%.
The stock of property and casualty insurance holding company has fallen by 0.89% in the past month, leading the Finance sector's loss of 4.09% and undershooting the S&P 500's gain of 1.4%.
The investment community will be closely monitoring the performance of HCI Group in its forthcoming earnings report. The company is expected to report EPS of $3.55, down 27.55% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $248.59 million, showing a 14.9% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $20.08 per share and a revenue of $980.44 million, demonstrating changes of -11.62% and +8.82%, respectively, from the preceding year.
Any recent changes to analyst estimates for HCI Group should also be noted by investors. 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 business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.11% higher. HCI Group is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, HCI Group is at present trading with a Forward P/E ratio of 9.19. This represents a discount compared to its industry average Forward P/E of 10.91.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 45, which puts it in the top 19% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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HCI Group, Inc. (HCI): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).