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, Inc. (NYSE:HCI) Q2 2024 Earnings Conference Call August 8, 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 – Chairman and Chief Executive Officer Conference Call Participants Michael Phillips – Oppenheimer Matt Carletti – Citizens JMP Mark Hughes – Truist Operator Good afternoon, and welcome to HCI Group's Second Quarter 2024 Earnings Call. My name ...

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 ...

HCI Group (HCI) came out with quarterly earnings of $4.21 per share, beating the Zacks Consensus Estimate of $3.58 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 17.60%. A quarter ago, it was expected that this property and casualty insurance holding company would post earnings of $2.74 per share when it actually produced earnings of $3.65, delivering a surprise of 33.21%. Over th ...

5th Annual Summit Features 7 Sessions with 17 Leading Storage Technology Partners and 30 speakers to Discuss Best Practices and New Developments in Storage for AI, CSP, HPC, HCI and many other Workloads SAN JOSE, Calif., Aug. 8, 2024 /PRNewswire/ -- On August 13, 2024, Supermicro (SMCI) will kick-off its annual Open Storage Summit featuring experts from Supermicro and leading technology companies NVIDIA, AMD, Intel, Nutanix, Micron, Kioxia, Western Digital, Seagate, DDN, VAST Data, WEKA, and many others, di ...

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 ...

HCI Group (HCI) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term. Shares of this property and casualty insurance holding company have returned +3.8% over the past month versus the Zacks S&P 500 composite's +1.1% change. The Zacks Insurance - Property and Casualty industry, to which HCI Group belongs, has gained 6.7% over this period. Now the key question is: Where could the stock be hea ...

HCI Group (HCI) ended the recent trading session at $94.26, demonstrating a -1.41% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 1.08%. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 2.64%. Heading into today, shares of the property and casualty insurance holding company had gained 3.12% over the past month, outpacing the Finance sector's loss of 1.52% and the S&P 500's loss of 0.44% in that time. The investment community wi ...

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 ...