Stock Analysis
- United States
- /
- Insurance
- /
- NYSE:HRTG
Heritage Insurance Holdings Full Year 2022 Earnings: Revenues Beat Expectations, EPS Lags
Heritage Insurance Holdings (NYSE:HRTG) Full Year 2022 Results
Key Financial Results
- Revenue: US$662.5m (up 4.9% from FY 2021).
- Net loss: US$154.4m (loss widened by 107% from FY 2021).
- US$5.86 loss per share (further deteriorated from US$2.69 loss in FY 2021).
HRTG Profitability Indicators
- Combined ratio: 114.3% (up from 104.6% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Heritage Insurance Holdings Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 2.6%. Earnings per share (EPS) missed analyst estimates by 13%.
Looking ahead, revenue is forecast to grow 6.4% p.a. on average during the next 2 years, compared to a 5.7% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 11% from a week ago.
Risk Analysis
Before we wrap up, we've discovered 2 warning signs for Heritage Insurance Holdings that you should be aware of.
What are the risks and opportunities for Heritage Insurance Holdings?
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products.
Rewards
Earnings are forecast to grow 147.63% per year
Risks
Does not have a meaningful market cap ($74M)
Volatile share price over the past 3 months
Further research on
Heritage Insurance Holdings
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NYSE:HRTG
Heritage Insurance Holdings
Heritage Insurance Holdings, Inc., through its subsidiaries, provides personal and commercial residential insurance products.
Adequate balance sheet with moderate growth potential.
