HC2 Holdings closed at $3.30 in the latest trading session, marking a +1.54% move from the prior day. This change outpaced the S&P 500's 0.02% loss on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Prior to today's trading, shares of the diversified holding company had lost 7.93% over the past month. This has lagged the Conglomerates sector's loss of 4.65% and the S&P 500's loss of 2.56% in that time.
Investors will be hoping for strength from HCHC as it approaches its next earnings release, which is expected to be March 13, 2019. The company is expected to report EPS of -$0.16, down 23.08% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $487.29 million, up 6.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.61 per share and revenue of $1.94 billion, which would represent changes of +464.65% and +18.66%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HCHC. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. HCHC currently has a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, HCHC is holding a Forward P/E ratio of 0.9. This represents a discount compared to its industry's average Forward P/E of 15.82.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 103, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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HC2 Holdings (HCHC) Gains As Market Dips: What You Should Know
HC2 Holdings closed at $3.30 in the latest trading session, marking a +1.54% move from the prior day. This change outpaced the S&P 500's 0.02% loss on the day. Meanwhile, the Dow gained 0.29%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Prior to today's trading, shares of the diversified holding company had lost 7.93% over the past month. This has lagged the Conglomerates sector's loss of 4.65% and the S&P 500's loss of 2.56% in that time.
Investors will be hoping for strength from HCHC as it approaches its next earnings release, which is expected to be March 13, 2019. The company is expected to report EPS of -$0.16, down 23.08% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $487.29 million, up 6.28% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.61 per share and revenue of $1.94 billion, which would represent changes of +464.65% and +18.66%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HCHC. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. HCHC currently has a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, HCHC is holding a Forward P/E ratio of 0.9. This represents a discount compared to its industry's average Forward P/E of 15.82.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 103, putting it in the top 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.