Heritage Insurance Holdings Inc reports results for the quarter ended in September 30 - Earnings Summary

Heritage Insurance Holdings

07/11/2024 05:01

* Heritage Insurance Holdings Inc  HRTG.N  reported
quarterly
adjusted earnings of 27 cents​​ per share for the quarter ended
September 30, higher than the same quarter last year, when the
company reported EPS of -28 cents.  The mean expectation of
three analysts for the quarter was for earnings of 6 cents per
share. Wall Street expected results to range from 1 cents to 14
cents per share.
    * Revenue fell 70.9% to $54.22 million from a year ago;
analysts
expected $209.91 million. 
    * Heritage Insurance Holdings Inc shares had fallen by 11.1%
this
quarter and gained 66.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 29.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

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 $12.50 
This summary was machine generated from LSEG data November 7 at
05:01 a.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
 Sep. 30 2024      0.06           0.27           Beat
 Jun. 30 2024      0.41           0.61           Beat
 Mar. 31 2024      0.59           0.47           Missed
 Dec. 31 2023      0.46           1.15           Beat