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

Heritage Insurance Holdings

02/05/2024 24:20

* Heritage Insurance Holdings Inc  HRTG.N  reported
quarterly
adjusted earnings of 47 cents​​ per share for the quarter ended
in January, lower than the same quarter last year, when the
company reported EPS of 55 cents.  The mean expectation of
three analysts for the quarter was for earnings of 59 cents per
share. Wall Street expected results to range from 40 cents to 81
cents per share.
    * Revenue rose 8.1% to $191.30 million from a year ago;
analysts
expected $189.05 million. 
    * Heritage Insurance Holdings Inc's reported EPS for the
quarter
was 47 cents​.
    * The company reported quarterly net income of $14.23
million.
    * Heritage Insurance Holdings Inc shares had fallen by 4.1%
this
quarter and gained 56.6% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 1.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 1 "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 "hold"

Wall Street's median 12-month price target for Heritage
Insurance Holdings Inc is $10.00 
This summary was machine generated from LSEG data May 1 at 11:20
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
 Mar. 31 2024      0.59           0.47           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