HCI Group Shares Drop 1.51% Ahead of Earnings Report

HCI Group fell 1.51% to $173.82 in the latest trading session, a steeper decline than the S&P 500’s 0.25% loss. The Dow fell 0.86%, while the Nasdaq gained 0.24%.

The insurer’s shares have lost 6.05% over the past month. That compares with a 4.43% decline for the Finance sector and a 0.42% drop for the S&P 500.

Ahead of the company’s upcoming earnings disclosure, Zacks’ consensus estimate calls for quarterly earnings of $3.55 per share, down 27.55% from the same quarter last year. Revenue is forecast at $248.59 million, up 14.9% year over year.

For the full year, consensus estimates put earnings at $20.08 per share and revenue at $980.44 million. Those figures represent forecast declines of 11.62% in earnings and growth of 8.82% in revenue from the previous year.

The consensus estimate for earnings per share has risen 3.11% over the past month, according to Zacks. The upcoming earnings disclosure will provide the next update on the company’s results.