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

Heritage Insurance Holdings

02/11/2023 21:59

* Heritage Insurance Holdings Inc  HRTG.N  reported a
quarterly
adjusted loss of 28 cents​​ per share for the quarter ended in
September, higher than the same quarter last year, when the
company reported EPS of $-1.83.  The mean expectation of
three analysts for the quarter was for a loss of 21 cents per
share. Wall Street expected results to range from -58 cents
tozero cents per share.
    * Revenue rose 12.8% to $186.68 million from a year ago;
analysts
expected $176.11 million. 
    * Heritage Insurance Holdings Inc's reported EPS for the
quarter
was a loss of 28 cents​.
    * The company reported a quarterly loss of $7.42 million.
    * Heritage Insurance Holdings Inc shares had fallen by 4.9%
this
quarter and gained 242.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1.5%
in the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

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 $6.00 
This summary was machine generated from LSEG data November 2 at
09:59 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      -0.21          -0.28          Missed
 Jun. 30 2023      0.11           0.30           Beat
 Mar. 31 2023      0.11           0.55           Beat
 Dec. 31 2022      -0.16          0.48           Beat