Heritage Insurance Holdings Inc reports results for the quarter ended in December - Earnings Summary

Heritage Insurance Holdings

11/03/2024 21:01

* Heritage Insurance Holdings Inc  HRTG.N  reported
quarterly
adjusted earnings of $1.15​​ per share for the quarter ended in
December, higher than the same quarter last year, when the
company reported EPS of 48 cents.  The mean expectation of
three analysts for the quarter was for earnings of 46 cents per
share. Wall Street expected results to range from 44 cents to 48
cents per share.
    * Revenue rose 7.1% to $186.97 million from a year ago;
analysts
expected $185.11 million. 
    * Heritage Insurance Holdings Inc shares had risen by 7.1%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 11.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * 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 average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Heritage
Insurance Holdings Inc is $7.00 
This summary was machine generated from LSEG data March 11 at
09:00 p.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
 Dec. 31 2023      0.46           1.15           Beat
 Sep. 30 2023      -0.21          -0.28          Missed
 Jun. 30 2023      0.11           0.30           Beat
 Mar. 31 2023      0.11           0.55           Beat