In the latest close session, Hercules Capital (HTGC) was up +1.08% at $17.76. The stock's performance was behind the S&P 500's daily gain of 1.14%. Meanwhile, the Dow gained 0.61%, and the Nasdaq, a tech-heavy index, added 1.69%.
The specialty finance company's shares have seen an increase of 3.96% over the last month, surpassing the Finance sector's loss of 3.64% and the S&P 500's loss of 2.85%.
Market participants will be closely following the financial results of Hercules Capital in its upcoming release. The company's upcoming EPS is projected at $0.49, signifying steadiness compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $142.2 million, showing a 2.98% escalation compared to the year-ago quarter.
HTGC's full-year Zacks Consensus Estimates are calling for earnings of $1.95 per share and revenue of $578.1 million. These results would represent year-over-year changes of +2.09% and +8.56%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Hercules Capital. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 past month, there's been no change in the Zacks Consensus EPS estimate. At present, Hercules Capital boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Hercules Capital is at present trading with a Forward P/E ratio of 9.05. Its industry sports an average Forward P/E of 8, so one might conclude that Hercules Capital is trading at a premium comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 34% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Hercules Capital, Inc. (HTGC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).