HCI Group, Inc. (NYSE:HCI) is reporting third quarter earnings results on Thursday 5th November 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.1 per share.
For the full year, analysts predict revenues of $ 306.00 million, while looking forward to income of $ 1.85 per share.
Previous Quarter Performance
HCI Group, Inc. reported income for the second quarter of $ 0.86 per share, from the revenue of $ 80.72 million. The quarterly earnings swell 6.17 percent while revenues extended 37.68 percent compared with the same quarter last year.
Street analysts expected HCI Group, Inc. to report income of $ 0.46 per share on revenue of $ 68.32 million for the second quarter. The bottom line results beat street analysts by $ 0.4 or 86.96 percent, at the same time, top line results outshined analysts by $ 12.40 million or 18.15 percent.
Stock Performance
Shares of HCI Group, Inc. traded up $ 0.64 or 1.33 percent on Wednesday, reaching $ 48.92 with volume of 28.40 thousand shares. HCI Group, Inc. has traded high as $ 49.25 and has cracked $ 47.40 on the downward trend
The closing price of $ 48.92, representing a 52.74 % increase from the 52 week low of $ 31.61 and a 23.28 % decrease over the 52 week high of $ 62.93.
The company has a market capital of $ 390.61 million and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Conference Call
HCI Group, Inc. will be hosting a conference call at 4:45 PM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.hcigroup.com
HCI Group, Inc. engages in the property and casualty insurance, reinsurance, real estate, and information technology businesses in Florida. It provides residential insurance products, such as homeowners insurance, flood insurance, and wind-only insurance to homeowners, condominium owners, and tenants, as well as offers reinsurance programs.
