In the latest trading session, Health Insurance Innovations (HIIQ - Free Report) closed at $26.09, marking a -1.84% move from the previous day. This move lagged the S&P 500's daily loss of 0.13%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq lost 0.24%.
Prior to today's trading, shares of the Web-based health coverage provider had gained 7.96% over the past month. This has outpaced the Finance sector's gain of 3.25% and the S&P 500's gain of 4.13% in that time.
Wall Street will be looking for positivity from HIIQ as it approaches its next earnings report date. On that day, HIIQ is projected to report earnings of $0.45 per share, which would represent a year-over-year decline of 26.23%. Our most recent consensus estimate is calling for quarterly revenue of $82.08 million, up 14.45% from the year-ago period.
HIIQ's full-year Zacks Consensus Estimates are calling for earnings of $3.92 per share and revenue of $452.71 million. These results would represent year-over-year changes of +50.77% and +31.07%, respectively.
It is also important to note the 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, 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. Within the past 30 days, our consensus EPS projection has moved 17.29% higher. HIIQ is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that HIIQ has a Forward P/E ratio of 6.78 right now. This represents a discount compared to its industry's average Forward P/E of 7.04.
The Insurance - Life Insurance industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 67, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.