Heritage Insurance Gross Profit vs. Revenue
| HRTG Stock | USD 12.43 0.07 0.57% |
Gross Profit | First Reported 2013-03-31 | Previous Quarter 203.6 M | Current Value 211.8 M | Quarterly Volatility 48.6 M |
For Heritage Insurance profitability analysis, we use financial ratios and fundamental drivers that measure the ability of Heritage Insurance to generate income relative to revenue, assets, operating costs, and current equity. These fundamental indicators attest to how well Heritage Insurance Hldgs utilizes its assets to generate profit and value for its shareholders. The profitability module also shows relationships between Heritage Insurance's most relevant fundamental drivers. It provides multiple suggestions of what could affect the performance of Heritage Insurance Hldgs over time as well as its relative position and ranking within its peers.
Heritage |
Is Property & Casualty Insurance space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Heritage Insurance. If investors know Heritage will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Heritage Insurance listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 1.033 | Earnings Share 2.53 | Revenue Per Share 26.755 | Quarterly Revenue Growth 0.137 | Return On Assets 0.0259 |
The market value of Heritage Insurance Hldgs is measured differently than its book value, which is the value of Heritage that is recorded on the company's balance sheet. Investors also form their own opinion of Heritage Insurance's value that differs from its market value or its book value, called intrinsic value, which is Heritage Insurance's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Heritage Insurance's market value can be influenced by many factors that don't directly affect Heritage Insurance's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Heritage Insurance's value and its price as these two are different measures arrived at by different means. Investors typically determine if Heritage Insurance is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Heritage Insurance's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.
Heritage Insurance Hldgs Revenue vs. Gross Profit Fundamental Analysis
Comparative valuation techniques use various fundamental indicators to help in determining Heritage Insurance's current stock value. Our valuation model uses many indicators to compare Heritage Insurance value to that of its competitors to determine the firm's financial worth. Heritage Insurance Hldgs is rated below average in gross profit category among its peers. It is rated below average in revenue category among its peers totaling about 147.28 of Revenue per Gross Profit. At this time, Heritage Insurance's Gross Profit is most likely to increase significantly in the upcoming years. Comparative valuation analysis is a catch-all technique that is used if you cannot value Heritage Insurance by discounting back its dividends or cash flows. It compares the stock's price multiples to nearest competition to determine if the stock is relatively undervalued or overvalued.Heritage Revenue vs. Gross Profit
Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Heritage Insurance |
| = | 4.99 M |
Gross Profit varies significantly from one sector to another and tells an investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Revenue is income that a firm generates from business activities such us rendering services or selling goods to customers. It is a crucial part of a business and an essential item when evaluating a company's financial statements. Revenues from a firm's primary business operations can be reported on the income statement as sales revenue, net sales, or simply sales, depending on the industry in which a given company operates.
Heritage Insurance |
| = | 735.5 M |
Revenue is typically recorded when cash or cash equivalents are exchanged for services or goods and can include products or services discounts, promotions, as well as early payments on invoices or services rendered in advance.
Heritage Revenue vs Competition
Heritage Insurance Hldgs is rated below average in revenue category among its peers. Market size based on revenue of Financials industry is currently estimated at about 12.36 Billion. Heritage Insurance holds roughly 735.5 Million in revenue claiming about 6% of equities under Financials industry.
Heritage Insurance Profitability Projections
The most important aspect of a successful company is its ability to generate a profit. For investors in Heritage Insurance, profitability is also one of the essential criteria for including it into their portfolios because, without profit, Heritage Insurance will eventually generate negative long term returns. The profitability progress is the general direction of Heritage Insurance's change in net profit over the period of time. It can combine multiple indicators of Heritage Insurance, where stable trends show no significant progress. An accelerating trend is seen as positive, while a decreasing one is unfavorable. A rising trend means that profits are rising, and operational efficiency may be rising as well. A decreasing trend is a sign of poor performance and may indicate upcoming losses.
| Last Reported | Projected for Next Year | ||
| Accumulated Other Comprehensive Income | -35.2 M | -33.5 M | |
| Operating Income | 63.2 M | 66.4 M | |
| Income Before Tax | 52 M | 54.6 M | |
| Total Other Income Expense Net | -11.2 M | -10.6 M | |
| Net Income | 45.3 M | 47.6 M | |
| Income Tax Expense | 6.7 M | 9 M | |
| Net Loss | -138.9 M | -132 M | |
| Net Income From Continuing Ops | 45.3 M | 47.6 M | |
| Net Interest Income | -11.2 M | -11.8 M | |
| Interest Income | 9.8 M | 11.6 M | |
| Non Operating Income Net Other | -57.9 M | -55 M | |
| Change To Netincome | 94.7 M | 99.5 M | |
| Net Income Per Share | 1.73 | 1.82 | |
| Income Quality | 1.55 | 1.48 | |
| Net Income Per E B T | 0.87 | 0.82 |
Heritage Profitability Driver Comparison
Profitability drivers are factors that can directly affect your investment outlook on Heritage Insurance. Investors often realize that things won't turn out the way they predict. There are maybe way too many unforeseen events and contingencies during the holding period of Heritage Insurance position where the market behavior may be hard to predict, tax policy changes, gold or oil price hikes, calamities change, and many others. The question is, are you prepared for these unexpected events? Although some of these situations are obviously beyond your control, you can still follow the important profit indicators to know where you should focus on when things like this occur. Below are some of the Heritage Insurance's important profitability drivers and their relationship over time.
Use Heritage Insurance in pair-trading
One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Heritage Insurance position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Heritage Insurance will appreciate offsetting losses from the drop in the long position's value.Heritage Insurance Pair Trading
Heritage Insurance Hldgs Pair Trading Analysis
The ability to find closely correlated positions to Heritage Insurance could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Heritage Insurance when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Heritage Insurance - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Heritage Insurance Hldgs to buy it.
The correlation of Heritage Insurance is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Heritage Insurance moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Heritage Insurance Hldgs moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Heritage Insurance can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.Use Investing Themes to Complement your Heritage Insurance position
In addition to having Heritage Insurance in your portfolios, you can quickly add positions using our predefined set of ideas and optimize them against your very unique investing style. A single investing idea is a collection of funds, stocks, ETFs, or cryptocurrencies that are programmatically selected from a pull of investment themes. After you determine your investment opportunity, you can then find an optimal portfolio that will maximize potential returns on the chosen idea or minimize its exposure to market volatility.Did You Try This Idea?
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Check out Risk vs Return Analysis. You can also try the Pair Correlation module to compare performance and examine fundamental relationship between any two equity instruments.
To fully project Heritage Insurance's future profitability, investors should examine all historical financial statements. These statements provide investors with a comprehensive snapshot of the financial position of Heritage Insurance Hldgs at a specified time, usually calculated after every quarter, six months, or one year. Three primary documents fall into the category of financial statements. These documents include Heritage Insurance's income statement, its balance sheet, and the statement of cash flows.