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Will HCI Group (HCI) Beat Estimates Again in Its Next Earnings Report?
HCIHCI(US:HCI) ZACKSยท2024-10-07 17:15

Group 1 - HCI Group is well-positioned to maintain its earnings-beat streak, having surpassed earnings estimates by an average of 25.40% in the last two quarters [1][3] - For the last reported quarter, HCI Group achieved earnings of $4.21 per share, exceeding the Zacks Consensus Estimate of $3.58 per share by 17.60% [2] - The previous quarter also saw HCI Group outperforming expectations, with actual earnings of $3.65 per share against an estimate of $2.74 per share, resulting in a surprise of 33.21% [2] Group 2 - There has been a favorable change in earnings estimates for HCI Group, with a positive Earnings ESP of +8.97%, indicating bullish sentiment among analysts regarding the company's earnings prospects [3][6] - The combination of a positive Earnings ESP and a Zacks Rank of 2 (Buy) suggests a high likelihood of another earnings beat for HCI Group [6] - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have historically produced positive surprises nearly 70% of the time [4]