Kinsale Capital Group, Inc. (KNSL) closed at $397.45 in the latest trading session, marking a -3.33% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.65%. Elsewhere, the Dow saw an upswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.82%.
Shares of the company have appreciated by 5.93% over the course of the past month, outperforming the Finance sector's gain of 3%, and the S&P 500's gain of 1.15%.
The investment community will be paying close attention to the earnings performance of Kinsale Capital Group, Inc. in its upcoming release. The company's upcoming EPS is projected at $5.25, signifying a 13.64% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $471.6 million, reflecting a 14.43% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $18.91 per share and revenue of $1.86 billion, indicating changes of +17.75% and 0%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Kinsale Capital Group, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.05% downward. Kinsale Capital Group, Inc. is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Kinsale Capital Group, Inc. is presently being traded at a Forward P/E ratio of 20.06. This indicates a premium in contrast to its industry's Forward P/E of 10.61.
We can also see that KNSL currently has a PEG ratio of 1.45. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Insurance - Property and Casualty industry held an average PEG ratio of 2.17.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 110, finds itself in the top 45% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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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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