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 ...

Interested parties can listen to the live presentation by dialing the listen-only number below or by clicking the webcast link available on the Investor Information section of the company's website at www.hcigroup.com. Toll Free: 877-481-4010 International: 919-882-2331 Replay Passcode: 50883 Company Contact: Bill Broomall, CFA Investor Relations HCI Group, Inc. Tel (813) 776-1012 wbroomall@typtap.com TAMPA, Fla., July 11, 2024 (GLOBE NEWSWIRE) -- HCI Group, Inc. (NYSE: HCI), a holding company with operatio ...

Date: Thursday, August 8, 2024 Time: 4:45 p.m. Eastern time (1:45 p.m. Pacific time) Toll Free: 888-506-0062 International: 973-528-0011 Participant Access Code: 357144 Interested parties can listen to the live presentation by dialing the listen-only number below or by clicking the webcast link available on the Investor Information section of the company's website at www.hcigroup.com. A replay of the call will be available after 8:00 p.m. Eastern time on the same day as the call and via the Investor Informa ...