Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. Whi ...

Shares of HCI Group (HCI) have gained 11.7% over the past four weeks to close the last trading session at $107.06, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $137.25 indicates a potential upside of 28.2%. The mean estimate comprises four short-term price targets with a standard deviation of $9.14. While the lowest estimate of $124 indicates a 15.8% increase from the current ...

Group 1 - HCI Group closed at $106.25, reflecting a -1.08% change from the previous day, underperforming the S&P 500 which lost 0.19% [1] - Over the past month, HCI Group's shares increased by 13.18%, significantly outperforming the Finance sector's gain of 1.52% and the S&P 500's gain of 1.95% [1] Group 2 - The upcoming earnings report for HCI Group is anticipated to show an EPS of $1.51, indicating a growth of 7.09% year-over-year, with projected net sales of $194.46 million, up 47.72% from the previous year [2] - For the entire fiscal year, earnings are projected at $12.37 per share and revenue at $788.65 million, representing increases of +66.94% and +43.22% respectively from the prior year [3] Group 3 - Recent changes to analyst estimates for HCI Group are being monitored, as upward revisions indicate analysts' positive outlook on the company's operations and profit generation capabilities [4] - The Zacks Rank system, which evaluates estimate changes, has HCI Group currently rated at 3 (Hold), with no changes in the consensus EPS estimate over the past month [6] Group 4 - HCI Group's Forward P/E ratio is 8.68, which is lower than the industry's average Forward P/E of 13.72, indicating a valuation discount [7] - The Insurance - Property and Casualty industry, to which HCI Group belongs, has a Zacks Industry Rank of 19, placing it in the top 8% of over 250 industries [7][8]

HCI Group (HCI) closed the latest trading day at $94.65, indicating a -0.97% change from the previous session's end. The stock trailed the S&P 500, which registered a daily gain of 1.07%. Elsewhere, the Dow saw an upswing of 0.31%, while the tech-heavy Nasdaq appreciated by 2.17%. Heading into today, shares of the property and casualty insurance holding company had gained 2.31% over the past month, lagging the Finance sector's gain of 4.06% and the S&P 500's gain of 2.92% in that time. The upcoming earnings ...

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 ...

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 ...

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 ...