In the latest trading session, Hercules Technology (HTGC) closed at $13.90, up 1.76% from the previous session. The change lagged the S&P 500’s gain of 1.89% on the day. Meanwhile, the Dow rose 1 percent and the tech-heavy Nasdaq rose 10 percent.
Prior to today’s trading, shares of the specialist financial company had gained 3.88% over the past month. That lagged the financial sector’s gain of 5.45 percent and beat the S&P 500’s gain of 2.3 percent at the time.
Hercules Technology will be looking to flex its muscles closer to its next earnings release. On the same day, Hercules Technology is expected to earn $0.42 per share, up 20% year-over-year. Meanwhile, our latest consensus estimate calls for revenue of $91.68 million, up 26.5% from the year-ago quarter.
Investors should also note any recent changes to analyst estimates for Hercules Technology. These revisions generally reflect the latest short-term business trends that may change frequently. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term team stock movements. Investors can take advantage of this by using the Zacks Rank. The model takes these estimated changes into account and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of performance, with #1 stocks returning an average of +25% annually since 1988. For the month, the Zacks Consensus EPS estimate remains stagnant. Hercules Technology currently has a Zacks Rank #3 (Hold).
In terms of valuation, Hercules Technology currently has a forward P/E ratio of 7.78. Its industry has an average Forward P/E ratio of 7.82, so we might conclude that Hercules Technology is trading at a relatively cheap price.
Finance – SBIC and business industries are part of the financial sector. The group has a Zacks Industry Rank of 34, putting it in the top 14% of all 250+ industries.
The Zacks Industry Rank consists of companies listed in order of average Zacks Rank within each industry from best to worst. Our research shows that the top 50% of industries outperform the bottom half by a ratio of 2 to 1.
Make sure to utilize Zacks.com to track all of these stock moving indicators and more in the upcoming trading sessions.
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Hercules Capital, Inc. (HTGC): Free Stock Analysis Report
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The views and opinions expressed here are those of the authors and do not necessarily reflect those of Nasdaq Corporation.