HCI Group IncHCI
▲ PositiveCapitalrelevance
Q2 revenue and EPS beat estimates, with EPS up 12.68% above consensus.
Impact on stocks 1
Financials
HCI Group IncHCI Group Q2 revenue rises 11.2% to $246.65 million, beats estimates
Earnings
HCI Group reported second-quarter revenue of $246.65 million, an 11.2% increase from the same period last year, surpassing the Zacks Consensus Estimate of $240.67 million. Earnings per share came in at $5.60, compared to $5.18 a year ago and beating the consensus estimate of $4.97 by 12.68%. Net premiums earned, a key metric, reached $219.01 million, up 9.5% year-over-year but slightly below the $222.06 million analyst estimate. Net investment income rose 14.9% to $18.89 million, exceeding the $18.76 million estimate, while policy fee income of $1.65 million fell short of the $1.95 million projection.
HCI Group IncQ2 revenue and EPS beat estimates, with EPS up 12.68% above consensus.