Kinsale Capital Group, Inc. (KNSL) closed at $424.24 in the latest trading session, marking a -1.73% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.47%. Meanwhile, the Dow gained 0.11%, and the Nasdaq, a tech-heavy index, added 0.94%.
Shares of the company have depreciated by 2.3% over the course of the past month, underperforming the Finance sector's gain of 2.42%, and the S&P 500's gain of 2.32%.
Market participants will be closely following the financial results of Kinsale Capital Group, Inc. in its upcoming release. The company is forecasted to report an EPS of $4.66, showcasing a 10.95% upward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $449.2 million, indicating a 7.45% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $18.32 per share and revenue of $1.8 billion. These totals would mark changes of +14.07% and +13.42%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Kinsale Capital Group, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.02% increase. Currently, Kinsale Capital Group, Inc. is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Kinsale Capital Group, Inc. currently has a Forward P/E ratio of 23.57. This represents a premium compared to its industry average Forward P/E of 11.55.
One should further note that KNSL currently holds a PEG ratio of 1.59. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Insurance - Property and Casualty stocks are, on average, holding a PEG ratio of 2.49 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Kinsale Capital Group, Inc. (KNSL): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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