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Kinsale Capital Group, Inc. (KNSL) Stock Moves -1.78%: What You Should Know
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Kinsale Capital Group, Inc. (KNSL - Free Report) closed the most recent trading day at $351.83, moving -1.78% from the previous trading session. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
The company's shares have seen a decrease of 9.44% over the last month, not keeping up with the Finance sector's loss of 1.11% and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Kinsale Capital Group, Inc. in its upcoming release. The company is expected to report EPS of $4.87, down 6.53% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $479.3 million, indicating a 3.66% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $21.1 per share and revenue of $1.98 billion, indicating changes of +8.15% and +5.51%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Kinsale Capital Group, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Kinsale Capital Group, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Kinsale Capital Group, Inc. is holding a Forward P/E ratio of 16.98. This denotes a premium relative to the industry average Forward P/E of 11.16.
It is also worth noting that KNSL currently has a PEG ratio of 1.13. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. KNSL's industry had an average PEG ratio of 1.69 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Kinsale Capital Group, Inc. (KNSL) Stock Moves -1.78%: What You Should Know
Kinsale Capital Group, Inc. (KNSL - Free Report) closed the most recent trading day at $351.83, moving -1.78% from the previous trading session. Elsewhere, the Dow saw a downswing of 0.36%, while the tech-heavy Nasdaq appreciated by 0.45%.
The company's shares have seen a decrease of 9.44% over the last month, not keeping up with the Finance sector's loss of 1.11% and the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Kinsale Capital Group, Inc. in its upcoming release. The company is expected to report EPS of $4.87, down 6.53% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $479.3 million, indicating a 3.66% downward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $21.1 per share and revenue of $1.98 billion, indicating changes of +8.15% and +5.51%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Kinsale Capital Group, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Kinsale Capital Group, Inc. boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Kinsale Capital Group, Inc. is holding a Forward P/E ratio of 16.98. This denotes a premium relative to the industry average Forward P/E of 11.16.
It is also worth noting that KNSL currently has a PEG ratio of 1.13. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. KNSL's industry had an average PEG ratio of 1.69 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 92, putting it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.