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

Heritage Insurance Holdings

06/08/2024 23:01

* Heritage Insurance Holdings Inc  HRTG.N  reported
quarterly
adjusted earnings of 61 cents​​ per share for the quarter ended
in June, higher than the same quarter last year, when the
company reported EPS of 30 cents.  The mean expectation of
three analysts for the quarter was for earnings of 41 cents per
share. Wall Street expected results to range from 36 cents to 48
cents per share.
    * Revenue rose 9.8% to $203.56 million from a year ago;
analysts
expected $196.81 million. 
    * Heritage Insurance Holdings Inc's reported EPS for the
quarter
was 61 cents​.
    * The company reported quarterly net income of $18.87
million.
    * Heritage Insurance Holdings Inc shares had risen by 2.4%
this
quarter and gained 11.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 12.5%
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 August 6 at
10:01 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
 Jun. 30 2024      0.41           0.61           Beat
 Mar. 31 2024      0.59           0.47           Missed
 Dec. 31 2023      0.46           1.15           Beat
 Sep. 30 2023      -0.21          -0.28          Missed