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Kinsale Capital Group, Inc. (KNSL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2023, Kinsale Capital Group, Inc. (KNSL - Free Report) reported revenue of $295.77 million, up 65.3% over the same period last year. EPS came in at $2.88, compared to $1.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $282.01 million, representing a surprise of +4.88%. The company delivered an EPS surprise of +14.74%, with the consensus EPS estimate being $2.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Kinsale Capital Group, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Loss Ratio: 55.7% versus the five-analyst average estimate of 58.54%.
Combined Ratio: 76.7% compared to the 79.01% average estimate based on five analysts.
Expense Ratio: 21% versus 20.47% estimated by five analysts on average.
Revenues- Net Earned Premiums: $257.05 million compared to the $258.59 million average estimate based on five analysts. The reported number represents a change of +35.2% year over year.
Revenues- Net investment income: $24.17 million versus $20.75 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +128.2% change.
Revenues- Other income: $0.44 million versus the four-analyst average estimate of $0.16 million. The reported number represents a year-over-year change of +200%.
Shares of Kinsale Capital Group, Inc. have returned +5.8% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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Kinsale Capital Group, Inc. (KNSL) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2023, Kinsale Capital Group, Inc. (KNSL - Free Report) reported revenue of $295.77 million, up 65.3% over the same period last year. EPS came in at $2.88, compared to $1.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $282.01 million, representing a surprise of +4.88%. The company delivered an EPS surprise of +14.74%, with the consensus EPS estimate being $2.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Kinsale Capital Group, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Loss Ratio: 55.7% versus the five-analyst average estimate of 58.54%.
- Combined Ratio: 76.7% compared to the 79.01% average estimate based on five analysts.
- Expense Ratio: 21% versus 20.47% estimated by five analysts on average.
- Revenues- Net Earned Premiums: $257.05 million compared to the $258.59 million average estimate based on five analysts. The reported number represents a change of +35.2% year over year.
- Revenues- Net investment income: $24.17 million versus $20.75 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +128.2% change.
- Revenues- Other income: $0.44 million versus the four-analyst average estimate of $0.16 million. The reported number represents a year-over-year change of +200%.
View all Key Company Metrics for Kinsale Capital Group, Inc. here>>>Shares of Kinsale Capital Group, Inc. have returned +5.8% over the past month versus the Zacks S&P 500 composite's +5.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.