Hurricane Milton Descends On Florida: Analysts Warn Of Impact On Disney, NextEra's Florida Power & Light, Regional Banks
Portfolio Pulse from Chris Katje
Hurricane Milton, downgraded to a Category 4 storm, is expected to impact several sectors in Florida, including regional banks, hospitals, utilities, insurance, and leisure. Analysts warn of potential financial impacts on companies like Disney, NextEra Energy, and regional banks due to the storm's effects.
October 09, 2024 | 3:51 pm
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NEGATIVE IMPACT
Allstate, as a major insurer, could be impacted by Hurricane Milton, with potential industry losses estimated at $60 billion.
As a major insurer, Allstate could face significant claims due to the hurricane, leading to a potential negative impact on short-term financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Berkshire Hathaway, as a major insurer, could be impacted by Hurricane Milton, with potential industry losses estimated at $60 billion.
As a major insurer, Berkshire Hathaway could face significant claims due to the hurricane, leading to a potential negative impact on short-term financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Chubb, as a major insurer, could be impacted by Hurricane Milton, with potential industry losses estimated at $60 billion.
As a major insurer, Chubb could face significant claims due to the hurricane, leading to a potential negative impact on short-term financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Community Health Systems may face disruptions due to Hurricane Milton, impacting hospital operations and potentially affecting short-term earnings.
As a hospital operator in Florida, Community Health Systems may experience operational disruptions due to the hurricane, leading to a potential negative impact on short-term earnings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Disney World is closing early due to Hurricane Milton, potentially impacting revenues by $150-$200 million. The storm may deter tourists, affecting short-term financial performance.
Disney World is a major tourist attraction in Florida, and its closure due to the hurricane will likely lead to a significant drop in visitor numbers and revenue. The estimated financial impact is substantial, indicating a negative short-term effect on Disney's stock.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
NEGATIVE IMPACT
Duke Energy may face service disruptions due to Hurricane Milton, impacting short-term earnings, but the effects are expected to be modest.
As a major utility provider, Duke Energy may experience service disruptions due to the hurricane, leading to a potential negative impact on short-term earnings, though the effects are expected to be modest.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
NextEra Energy's Florida Power & Light could face disruptions due to Hurricane Milton, impacting utility services and potentially affecting short-term earnings.
As a major utility provider in Florida, NextEra Energy's operations could be disrupted by the hurricane, leading to potential service outages and a short-term negative impact on earnings.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Progressive, as a major insurer, could be impacted by Hurricane Milton, with potential industry losses estimated at $60 billion.
As a major insurer, Progressive could face significant claims due to the hurricane, leading to a potential negative impact on short-term financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Planet Fitness may face short-term disruptions due to Hurricane Milton, impacting new membership additions, but the revenue model may insulate against significant losses.
With a significant presence in Florida, Planet Fitness may experience disruptions due to the hurricane, affecting new membership additions. However, the monthly membership fee model may help mitigate significant financial losses.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEGATIVE IMPACT
Tenet Healthcare may face disruptions due to Hurricane Milton, impacting hospital operations and potentially affecting short-term earnings.
As a hospital operator in Florida, Tenet Healthcare may experience operational disruptions due to the hurricane, leading to a potential negative impact on short-term earnings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
Travelers Companies, as a major insurer, could be impacted by Hurricane Milton, with potential industry losses estimated at $60 billion.
As a major insurer, Travelers Companies could face significant claims due to the hurricane, leading to a potential negative impact on short-term financial performance.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 70
NEGATIVE IMPACT
Universal Health Services may face some disruptions due to Hurricane Milton, impacting hospital operations and potentially affecting short-term earnings.
As a hospital operator in Florida, Universal Health Services may experience some operational disruptions due to the hurricane, leading to a potential negative impact on short-term earnings.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Cadence Bank may experience increased expenses due to Hurricane Milton, with potential long-term benefits from rebuilding efforts.
Cadence Bank may face short-term financial strain due to the hurricane, but potential long-term benefits from rebuilding efforts could balance the impact, leading to a neutral short-term effect.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Fifth Third Bancorp may experience increased expenses due to Hurricane Milton, with potential long-term benefits from rebuilding efforts.
The bank may face short-term financial strain due to the hurricane, but potential long-term benefits from rebuilding efforts could balance the impact, resulting in a neutral short-term effect.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
HCA Healthcare may be less impacted by Hurricane Milton due to its hospital concentration in Central Florida, potentially avoiding the worst of the storm.
HCA Healthcare's hospital concentration in Central Florida may help it avoid significant disruptions from the hurricane, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Hancock Whitney Corporation may face increased expenses due to Hurricane Milton, with potential long-term benefits from rebuilding efforts.
The bank may incur higher expenses in the short term due to the hurricane, but potential long-term benefits from rebuilding efforts could balance the impact, resulting in a neutral short-term effect.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Life Time Group Holdings may face minimal impact from Hurricane Milton due to limited presence in Florida.
With only a small number of locations in Florida, Life Time Group Holdings is likely to experience minimal impact from the hurricane, resulting in a neutral short-term effect.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Topgolf Callaway Brands may face minimal impact from Hurricane Milton unless locations suffer severe damage.
With several locations in Florida, Topgolf may experience minimal impact from the hurricane unless there is severe damage requiring extended closures, leading to a neutral short-term effect.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 50
NEUTRAL IMPACT
Regions Financial, with significant market share in Florida, may see increased expenses due to Hurricane Milton but could benefit from insurance settlements and rebuilding efforts.
While Regions Financial may incur higher expenses due to the hurricane, the potential for increased deposits from insurance settlements and lending opportunities for rebuilding could offset these costs, leading to a neutral short-term impact.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Synovus Financial may face short-term financial challenges due to Hurricane Milton but could benefit from insurance settlements and rebuilding efforts.
Similar to other regional banks, Synovus Financial may experience increased expenses due to the hurricane, but potential benefits from insurance settlements and rebuilding efforts could offset these costs, leading to a neutral short-term impact.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
SouthState Corporation may see increased expenses due to Hurricane Milton, with potential long-term benefits from rebuilding efforts.
The bank may incur higher expenses in the short term due to the hurricane, but potential long-term benefits from rebuilding efforts could balance the impact, resulting in a neutral short-term effect.
CONFIDENCE 75
IMPORTANCE 50
RELEVANCE 60