Published on 5 May 2024 on Simply Wall St. via Yahoo Finance
Heritage Insurance Holdings, Inc. Just Missed Earnings - But Analysts Have Updated Their Models
Shareholders in Heritage Insurance Holdings, Inc. (NYSE:HRTG) had a terrible week, as shares crashed 21% to US$8.15 in the week since its latest first-quarter results. It looks like a pretty bad result, all things considered. Although revenues of US$191m were in line with analyst predictions, statutory earnings fell badly short, missing estimates by 22% to hit US$0.47 per share. The analysts typically update their forecasts at each earnings report, and we can judge from their estimates whether their view of the company has changed or if there are any new concerns to be aware of. So we collected the latest post-earnings statutory consensus estimates to see what could be in store for next year.
View our latest analysis for Heritage Insurance Holdings
