Heritage Insurance Holdings Inc expected to post earnings of 46 cents a share - Earnings Preview

Heritage Insurance Holdings

08/03/2024 21:18

* Heritage Insurance Holdings Inc  HRTG.N   HRTG.K  is
expected
to show a rise in quarterly revenue when it reports  results on
March 11 for the period ending December 31 2023
    * The Tampa Florida-based  company is expected to report a
6.0% increase in revenue to $185.106 million from $174.59
million a year ago, according to the mean estimate from 2
analysts, based on LSEG data. (Sales/Revenue Majority Basis is
on Total Revenue)
    * ​LSEG's mean analyst estimate for Heritage Insurance
Holdings
Inc is for earnings of 46 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 1
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Heritage
Insurance Holdings Inc is $7.00​, above​ its last closing price
of $6.75. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  -0.22       -0.21      -0.28     Missed  -31.3
 Jun. 30 2023  0.12        0.11       0.30      Beat    164.7
 Mar. 31 2023  0.11        0.11       0.55      Beat    418.9​
 Dec. 31 2022  -0.20       -0.16      0.48      Beat    400
 ​​Sep.        -0.79       -0.94      -1.83     Missed  -94.2
 30 2022                                                
 Jun. 30 2022  -0.11       -0.04      0.11      Beat    405.6​
 Mar. 31 2022  -0.59       -0.43      -1.15     Missed  -168.7
 Dec. 31 2021  0.11        0.14       0.41      Beat    197.1
 This summary was machine generated March 8 at 21:18 GMT.  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)