Hci Group Inc reports results for the quarter ended in September 30 - Earnings Summary

HCI

08/11/2024 04:12

* Hci Group Inc  HCI.N  reported quarterly adjusted earnings
of 47
cents​​ per share for the quarter ended September 30, lower than
the same quarter last year, when the company reported EPS of
$1.41.  The mean expectation of six analysts for the quarter was
for earnings of 27 cents per share. Wall Street expected
results to range from -25 cents to 72 cents per share.
    * Revenue rose 33.2% to $175.32 million from a year ago;
analysts
expected $190.50 million. 
    * Hci Group Inc's reported EPS for the quarter was 52
cents​.
    * The company reported quarterly net income of $9.39
million.
    * Hci Group Inc shares had risen by 9.3% this quarter and
gained 33.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 82.9%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Hci Group Inc is
$142.50 
This summary was machine generated from LSEG data November 8 at
04:12 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.27           0.47           Beat
 Jun. 30 2024      3.48           4.21           Beat
 Mar. 31 2024      2.80           3.65           Beat
 Dec. 31 2023      1.41           3.22           Beat