Heritage Insurance Holdings Inc expected to post a loss of 35  cents a share - Earnings Preview

Heritage Insurance Holdings

04/05/2022 03:10

* Heritage Insurance Holdings Inc  HRTG.N   HRTG.K  is
expected
to show a fall in quarterly revenue when it reports  results on
May 5. 
    * The Tampa Florida-based  company is expected to report  a
6.2% decrease in revenue to $138.123 million from $147.24
million a year ago, according to the mean estimate from 3
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Heritage Insurance
Holdings Inc is for a loss of 35 cents per share. For the same
quarter last year, the company reported a loss of 19 cents per
share.
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts had fallen by
about 28.9%
in the last three months. ​
    * Wall Street's median 12-month price target for Heritage
Insurance Holdings Inc is $10​, above​ its last closing price
of $3.93. ​​​
    * Previous quarterly performance (using preferred earnings
measure
in US dollars). ​

 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Dec. 31 2021  0.11        0.14       0.41      Beat    197.1
 Sep. 30 2021  -0.46       -0.45      -0.59     Missed  -31.1
 Jun. 30 2021  -0.13       0.10       -0.14     Missed  -243.6
                                                        ​
 Mar. 31 2021  -0.13       -0.12      -0.19     Missed  -53.2
 ​​Dec.        -0.50       -0.39      0.10      Beat    125.6
 31 2020                                                
 Sep. 30 2020  -0.60       -0.60      -0.19     Beat    68.5​
 Jun. 30 2020  0.06        0.02       0.15      Beat    757.1
 Mar. 31 2020  0.23        0.23       0.26      Beat    11.8
 This summary was machine generated May 4 at 02:08 GMT.  All
figures in US dollars  unless otherwise stated