Kinsale Capital Group, Inc. (KNSL) closed the most recent trading day at $417.49, moving -1.83% from the previous trading session. This change lagged the S&P 500's daily gain of 0.34%. On the other hand, the Dow registered a gain of 0.09%, and the technology-centric Nasdaq increased by 0.42%.
Coming into today, shares of the company had lost 6.6% in the past month. In that same time, the Finance sector gained 1.52%, while the S&P 500 gained 3.54%.
Analysts and investors alike will be keeping a close eye on the performance of Kinsale Capital Group, Inc. in its upcoming earnings disclosure. The company's upcoming EPS is projected at $4.66, signifying a 10.95% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $449.2 million, indicating a 7.45% increase compared to the same quarter of the previous year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $18.32 per share and a revenue of $1.8 billion, indicating changes of +14.07% and +13.42%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Kinsale Capital Group, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Kinsale Capital Group, Inc. is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, Kinsale Capital Group, Inc. is presently being traded at a Forward P/E ratio of 23.22. This expresses a premium compared to the average Forward P/E of 11.76 of its industry.
It's also important to note that KNSL currently trades at a PEG ratio of 1.56. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 2.57.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 30, putting it in the top 13% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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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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