The most recent trading session ended with Hercules Capital (HTGC) standing at $18.11, reflecting a -0.22% change from the previous trading day’s close. This move was narrower than the S&P 500’s daily loss of 0.65%. Elsewhere, the Dow saw a 0.18% drop, while the tech-heavy Nasdaq depreciated by 1.16%.
The specialty finance company’s stock rose 5.71% in the past month, leading the Financials sector’s gain of 4.79% and the S&P 500’s gain of 3.4%.
The investment community will be paying close attention to Hercules Capital’s earnings performance in its next release. The company’s upcoming EPS is projected at $0.48, representing a 2.13% increase compared to the same quarter last year. At the same time, our most recent consensus estimate forecasts revenue of $119.21 million, reflecting a 13.44% increase from the corresponding quarter last year.
HTGC’s full-year Zacks Consensus Estimates call for earnings of $2.04 per share and revenue of $494.57 million. These results would represent year-over-year changes of -1.92% and +7.36%, respectively.
It is also important for investors to be aware of some recent changes to analyst ratings for Hercules Capital. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive rating revisions reflect analyst optimism about the company’s business and profitability.
Our research demonstrates that these adjustments in valuations are directly related to near-term stock price performance. To take advantage of this, we established the Zacks Rank, an exclusive model that takes these rating changes into account and delivers a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. More than the last 30 days, the Zacks Consensus EPS estimate witnessed a 1.49% increase. Hercules Capital holds a Zacks Rank of #3 (Hold) now.
Looking at valuation, Hercules Capital currently trades with a Forward P/E ratio of 8.91. This represents a premium compared to the average Forward P/E of 7.54 for its industry.
The Financial – SBIC & Commercial Industry industry is part of the Financial sector. Currently, this industry holds a Zacks Industry Rank of 209, placing it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank assesses the vitality of our specific industry groups by computing the average Zacks Rank of the individual stocks included in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HTGC in the upcoming trading sessions, be sure to use Zacks.com.
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Hercules Capital, Inc. (HTGC): Free Analysis Report
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