The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though? Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about HCI Group (HCI) . HCI Group currently has an average brokerage r ...

Chalirmpoj Pimpisarn/iStock via Getty Images Thesis HCI Group, Inc., (HCI) a Tampa-based holding company, oversees operations in homeowners insurance, reinsurance, real estate, and IT. They started out in 2006 as Homeowners Choice, Inc. In 2013, they switched things up and became HCI Group, Inc. to better show off their expanded business lineup. HCI has a large presence in property and casualty insurance through its largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., which pro ...

HCI Group (HCI) reported second-quarter 2024 earnings of $4.21 per share, which beat the Zacks Consensus Estimate by 17.6%. Quarterly earnings rose more than threefold year over year. The quarterly results reflected solid underwriting experience, better performance at Homeowner Choice and TypTap Insurance Company as well as an increase in net investment income, partially offset by higher expenses. Behind the Headlines Gross premiums earned of $263.6 million increased 44.9% year over year, driven primarily b ...

HCI Group (HCI) reported $206.25 million in revenue for the quarter ended June 2024, representing a yearover-year increase of 62%. EPS of $4.21 for the same period compares to $1.22 a year ago. The reported revenue represents a surprise of +4.87% over the Zacks Consensus Estimate of $196.67 million. With the consensus EPS estimate being $3.58, the EPS surprise was +17.60%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...

Financial Performance - HCI Group reported quarterly earnings of $4.21 per share, exceeding the Zacks Consensus Estimate of $3.58 per share, and significantly up from $1.22 per share a year ago, representing an earnings surprise of 17.60% [1] - The company posted revenues of $206.25 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 4.87%, and up from $127.33 million year-over-year [2] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $1.43 on revenues of $188.32 million, and for the current fiscal year, it is $11.63 on revenues of $772.94 million [7] - The estimate revisions trend for HCI Group is currently unfavorable, resulting in a Zacks Rank 4 (Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Insurance - Property and Casualty industry is currently ranked in the top 36% of over 250 Zacks industries, suggesting that companies in the top 50% outperform those in the bottom 50% by more than 2 to 1 [8]

HCI Group (HCI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 8. On t ...

Investors will be eagerly watching for the performance of HCI Group in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 8, 2024. The company is forecasted to report an EPS of $3.58, showcasing a 193.44% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $196.67 million, indicating a 54.46% growth compared to the corresponding quarter of the prior year. From a valuation pe ...

Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. In the latest market close, HCI Group (HCI) reached $90.09, with a -1.12% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.78%. Elsewhere, the Dow lost 1.29%, while the te ...

Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The property and casualty insurance holding company's stock has dropped by 9.16% in the past month, falling short of the Finance sector's loss of 2.67% and the S&P 500's gain of 4.28%. HCI's full-year Zacks Consensus ...

Core Insights - HCI Group, Inc. will hold a conference call on August 8, 2024, at 4:45 p.m. Eastern time to discuss its second-quarter financial results for the period ending June 30, 2024 [2][5]. Company Overview - HCI Group, Inc. operates in various sectors including homeowners insurance, information technology services, real estate, and reinsurance [4]. - The company's primary insurance operation is TypTap Insurance Company, which focuses on technology-driven homeowners insurance [4]. - HCI's largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, primarily provides homeowners insurance in Florida [4]. - HCI's real estate subsidiary, Greenleaf Capital, LLC, manages multiple properties in Florida, including office buildings, retail centers, and marinas [4]. Investor Information - The company's common shares are traded on the New York Stock Exchange under the ticker symbol "HCI" and are included in the Russell 2000 and S&P SmallCap 600 Index [8]. - Financial and other information is regularly published in the Investor Information section of the company's website [8].