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Earnings Estimates Moving Higher for HCI Group (HCI): Time to Buy?

Zacks Equity Research

HCI Group, Inc. (HCI), a provider of property and casualty insurance products, could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.  

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HCI’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that HCI Group could be a solid choice for investors.  

Current Quarter Estimates for HCI

Though HCI Group has seen no estimate revision over the past 30 days, the consensus estimate trend has been pretty favorable for the company. Estimates have increased from 98 cents a share 30 days ago, to $1.33 today, a move of 35.7%.

Current Year Estimates for HCI

For the current year figures also, HCI Group did not witness any estimate revision in the last 30-day frame. However, the consensus estimate trend has seen a boost for this time frame, increasing from $4.82 per share 30 days ago to $5.68 per share today, an increase of 17.8%.

Bottom Line

The stock has also started to move higher lately, adding 8.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.

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