Heritage Insurance Hldgs Earnings Preview
Portfolio Pulse from Benzinga Insights
Heritage Insurance Holdings (NYSE:HRTG) is scheduled to release its quarterly earnings report on March 11, 2024, with analysts expecting an EPS of $0.46. Despite past earnings misses, HRTG's stock price has historically increased following earnings announcements. Shares are currently trading at $6.75, reflecting a 123.81% increase over the last year. Investors are looking for not only an earnings beat but also positive guidance for future growth.
March 08, 2024 | 3:00 pm
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Heritage Insurance Holdings is expected to report an EPS of $0.46 for the upcoming quarter. Historical data shows stock price increases following earnings reports, despite past EPS misses. The stock has seen a significant 123.81% increase over the past year.
Given HRTG's history of stock price increases following earnings reports, even after missing EPS estimates, and the significant annual stock price gain, it's likely that the upcoming earnings report could have a positive short-term impact on HRTG's stock price. The expectation of a $0.46 EPS and the market's anticipation of future guidance further support this outlook.
CONFIDENCE 80
IMPORTANCE 90
RELEVANCE 100