* Heritage Insurance Holdings Inc reported quarterly adjusted earnings of 27 cents per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of -28 cents. The mean expectation of three analysts for the quarter was for earnings of 6 cents per share. Wall Street expected results to range from 1 cents to 14 cents per share.
* Revenue fell 70.9% to $54.22 million from a year ago; analysts expected $209.91 million.
* Heritage Insurance Holdings Inc shares had fallen by 11.1% this quarter and gained 66.9% so far this year.
FORECAST CHANGES
* The mean earnings estimate of analysts had fallen by about 29.9% in the last three months.
* In the last 30 days, two analysts negatively revised earnings estimates
RECOMMENDATIONS
* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy," 1 "hold" and no "sell" or "strong sell."
* The average consensus recommendation for the property & casualty insurance peer group is also "buy"
Wall Street's median 12-month price target for Heritage Insurance Holdings Inc is $12.50 This summary was machine generated from LSEG data November 7 at 05:01 a.m. UTC. All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,
MISSED
Sep. 30 2024 0.06 0.27 Beat
Jun. 30 2024 0.41 0.61 Beat
Mar. 31 2024 0.59 0.47 Missed
Dec. 31 2023 0.46 1.15 Beat
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