HCI Group (NYSE:HCI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$206.6m (up 60% from 1Q 2023).

• Net income: US$46.4m (up 214% from 1Q 2023).

• Profit margin: 23% (up from 12% in 1Q 2023). The increase in margin was driven by higher revenue.

• EPS: US$4.76 (up from US$1.79 in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

HCI Group Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 8.0%. Earnings per share (EPS) also surpassed analyst estimates by 59%.

Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 2 years, compared to a 5.8% growth forecast for the Insurance industry in the US.

Performance of the American Insurance industry.

The company's shares are down 6.2% from a week ago.

Risk Analysis

Be aware that HCI Group is showing 2 warning signs in our investment analysis that you should know about...

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