HCI(HCI)

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Is It Worth Investing in HCI Group (HCI) Based on Wall Street's Bullish Views?
ZACKS· 2024-12-11 15:30
Core Viewpoint - HCI Group has an average brokerage recommendation (ABR) of 1.67, indicating a consensus between Strong Buy and Buy, with 66.7% of recommendations being Strong Buy [2][4]. Brokerage Recommendation Trends - The ABR is based on recommendations from six brokerage firms, with four firms rating it as Strong Buy [2]. - Despite the positive ABR, reliance solely on brokerage recommendations may not be advisable, as studies suggest they often fail to guide investors effectively [4][9]. Zacks Rank vs. ABR - The Zacks Rank, which is a proprietary stock rating tool, is based on earnings estimate revisions and is considered a more reliable indicator of near-term price performance compared to ABR [7][10]. - Zacks Rank is displayed in whole numbers (1 to 5) and is updated more frequently than ABR, which may not reflect the most current information [8][11]. Earnings Estimates for HCI Group - The Zacks Consensus Estimate for HCI Group's earnings for the current year remains unchanged at $7, suggesting stability in analysts' views [12]. - The unchanged consensus estimate has led to a Zacks Rank of 3 (Hold) for HCI Group, indicating a cautious approach despite the positive ABR [13].
HCI Group Q3: Strong Operational Performance Even In A Tough Hurricane Season
Seeking Alpha· 2024-11-14 20:37
Core Insights - HCI Group, Inc. reported its Q3 earnings, highlighting its performance during the challenging hurricane season in Florida [1] Financial Performance - The company’s earnings report is particularly relevant given the impact of the hurricane season on its operations [1]
HCI(HCI) - 2024 Q3 - Earnings Call Transcript
2024-11-09 19:58
HCI Group, Inc. (NYSE:HCI) Q3 2024 Earnings Conference Call November 7, 2024 4:45 PM ET Company Participants Matt Glover - Senior Managing Director-Gateway Investor Relations Karin Coleman - Chief Operating Officer Mark Harmsworth - Chief Financial Officer Paresh Patel - Chief Executive Officer Conference Call Participants Matt Carletti - Citizens JMP Mark Hughes - Truist Casey Alexander - Compass Point Michael Phillips - Oppenheimer Operator Good afternoon, and welcome to HCI Group's Third Quarter 2024 Ear ...
HCI(HCI) - 2024 Q3 - Quarterly Report
2024-11-08 21:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 Form 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number 001-34126 HCI Group, Inc. (Exact name of registrant as specified in its charter) Florida 20-5961396 (State of Incorporation)(IRS Employer Identification No.) 3802 Coconut Pa ...
Compared to Estimates, HCI Group (HCI) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-11-08 01:36
HCI Group (HCI) reported $175.32 million in revenue for the quarter ended September 2024, representing a year-over-year increase of 33.2%. EPS of $0.47 for the same period compares to $1.41 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $192.08 million, representing a surprise of -8.73%. The company delivered an EPS surprise of +20.51%, with the consensus EPS estimate being $0.39.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
HCI Group (HCI) Q3 Earnings Top Estimates
ZACKS· 2024-11-08 01:01
HCI Group (HCI) came out with quarterly earnings of $0.47 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to earnings of $1.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.51%. A quarter ago, it was expected that this property and casualty insurance holding company would post earnings of $3.58 per share when it actually produced earnings of $4.21, delivering a surprise of 17.60%.Over the ...
HCI(HCI) - 2024 Q3 - Quarterly Results
2024-11-07 21:30
Exhibit 99.1 HCI Group Reports Third Quarter 2024 Results Pre-Tax Income of $14.1 million Diluted EPS of $0.52 Tampa, Fla. – November 7, 2024 – HCI Group, Inc. (NYSE:HCI), a holding company with operations in homeowners insurance, information technology services, real estate, and reinsurance, reported pre-tax income of $14.1 million and net income of $9.4 million in the third quarter of 2024. Net income after noncontrolling interests was $5.7 million compared with $13.2 million in the third quarter of 2023. ...
Analysts Estimate HCI Group (HCI) to Report a Decline in Earnings: What to Look Out for
ZACKS· 2024-10-31 15:06
HCI Group (HCI) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 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 earnings report, which is expected to be released on November 7, 2024, might help the stock move higher if these key numbers are better than e ...
HCI Group, Inc. (HCI) is Attracting Investor Attention: Here is What You Should Know
ZACKS· 2024-10-25 14:05
HCI Group (HCI) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this property and casualty insurance holding company have returned +11.1% over the past month versus the Zacks S&P 500 composite's +1.4% change. The Zacks Insurance - Property and Casualty industry, to which HCI Group belongs, has gained 0.4% over this period. Now the key question is: Where c ...
HCI Group (HCI) Advances While Market Declines: Some Information for Investors
ZACKS· 2024-10-23 23:05
HCI Group (HCI) closed the most recent trading day at $113.40, moving +0.97% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.92%. At the same time, the Dow lost 0.96%, and the tech-heavy Nasdaq lost 1.6%.The property and casualty insurance holding company's shares have seen an increase of 4.56% over the last month, surpassing the Finance sector's loss of 4.92% and the S&P 500's gain of 2.68%.The investment community will be paying close attention to the ...