Health Insurance Innovations (HIIQ - Free Report) closed at $27.87 in the latest trading session, marking a +0.32% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.16%. Meanwhile, the Dow lost 0.07%, and the Nasdaq, a tech-heavy index, lost 0.52%.
Coming into today, shares of the Web-based health coverage provider had gained 15.65% in the past month. In that same time, the Finance sector gained 1.87%, while the S&P 500 gained 3.12%.
HIIQ will be looking to display strength as it nears its next earnings release. On that day, HIIQ is projected to report earnings of $0.43 per share, which would represent a year-over-year decline of 29.51%. Meanwhile, our latest consensus estimate is calling for revenue of $79.81 million, up 11.28% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.79 per share and revenue of $443.34 million, which would represent changes of +45.77% and +28.35%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for HIIQ. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 17.29% higher within the past month. HIIQ is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note HIIQ's current valuation metrics, including its Forward P/E ratio of 7.34. Its industry sports an average Forward P/E of 7.34, so we one might conclude that HIIQ is trading at a no noticeable deviation comparatively.
The Insurance - Life Insurance industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.