Heritage Insurance Holdings Inc expected to post earnings of 6 cents a share - Earnings Preview

Heritage Insurance Holdings

04/11/2024 23:56

* Heritage Insurance Holdings Inc  HRTG.N   HRTG.K  is
expected
to show a rise in quarterly revenue when it reports  results on
November 6 for the period ending September 30 2024
    * The Tampa Florida-based  company is expected to report a
12.7% increase in revenue to $209.91 million from $186.3 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 6 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 $12.50​, above​ its last closing price
of $9.94. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  0.43        0.41       0.61      Beat    47.2
 Mar. 31 2024  0.60        0.59       0.47      Missed  -20.2
 Sep. 30 2023  0.48        0.46       1.15      Beat    151.8​
 Sep. 30 2023  -0.22       -0.21      -0.28     Missed  -31.3
 ​​Jun.        0.12        0.11       0.30      Beat    164.7
 30 2023                                                
 Mar. 31 2023  0.11        0.11       0.55      Beat    418.9​
 Dec. 31 2022  -0.20       -0.16      0.48      Beat    400
 Sep. 30 2022  -0.79       -0.94      -1.83     Missed  -94.2
 This summary was machine generated November 4 at 23:56 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)