The headline numbers for Heritage Insurance (HRTG) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Heritage Insurance (HRTG) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.52 per share. This compares to earnings of $1.15 per share a year ago.
Get a deeper insight into the potential performance of Heritage Insurance (HRTG) for the quarter ended December 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
HRTG's growing commercial residential business, expanding E&S business and improving pricing to deliver better margins and boost earnings bode well for growth.
HRTG's growing commercial residential business, expanding E&S business and improving pricing to deliver better margins and boost earnings bode well for growth.
Heritage Insurance Holdings has seen a 126% stock increase over the past year due to mostly positive earnings reports. Initially identified as undervalued, Heritage's strategic growth initiatives have driven significant stock gains. Continued positive performance and earnings reports justify a favorable rating for Heritage Insurance Holdings.
HRTG's growing commercial residential business, expanding E&S business and improving pricing are expected to deliver better margins and boost earnings.
While the top- and bottom-line numbers for Heritage Insurance (HRTG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Heritage Insurance (HRTG) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to loss of $0.28 per share a year ago.
Heritage Insurance's third-quarter results are likely to reflect improving premiums offset by higher catastrophe losses.
Recently, HRTG has experienced corrections due to the storm season and unfavorable news coverage. My analysis of its intrinsic value emphasizes long-term fundamentals and its float. The float, money held by HRTG but not owned, has shown steady growth, indicating value creation through the income generated from investing that float. When considering only the float as the source of value, HRTG trades at a discount. Additional upside could come from its earning potential in underwriting and fee income.
Heritage Insurance (HRTG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.