Heritage Insurance (HRTG) Q1 Earnings Surpass Estimates

Core Viewpoint - Heritage Insurance (HRTG) reported quarterly earnings of $0.99 per share, significantly exceeding the Zacks Consensus Estimate of$ 0.46 per share, and up from $0.47 per share a year ago [1][2] Earnings Performance - The earnings surprise for the quarter was 115.22%, following a previous surprise of 26.92% when actual earnings were$ 0.66 per share against an expectation of $0.52 [2] - Over the last four quarters, Heritage Insurance has consistently surpassed consensus EPS estimates [2] Revenue Performance - The company reported revenues of$ 211.52 million for the quarter, which was 1.01% below the Zacks Consensus Estimate, but an increase from $191.3 million year-over-year [3] - Heritage Insurance has exceeded consensus revenue estimates three times in the last four quarters [3] Stock Performance - Since the beginning of the year, Heritage Insurance shares have increased by approximately 65.3%, contrasting with a decline of 3.9% in the S&P 500 [4] Future Outlook - The company's earnings outlook is crucial for investors, with current consensus EPS estimates at$ 0.79 for the upcoming quarter and $2.43 for the current fiscal year [5][8] - The Zacks Rank for Heritage Insurance is currently 1 (Strong Buy), indicating expectations for the stock to outperform the market in the near future [7] Industry Context - The Insurance - Property and Casualty industry is ranked in the top 17% of over 250 Zacks industries, suggesting a favorable environment for stock performance [9]