Wall Street analysts expect Kinsale Capital Group, Inc. (KNSL) to post quarterly earnings of $5.30 per share in its upcoming report, which indicates a year-over-year increase of 14.7%. Revenues are expected to be $471.61 million, up 14.4% from the year-ago quarter.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Kinsale Capital Group metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Revenues- Net investment income' to come in at $52.66 million. The estimate indicates a year-over-year change of +25.8%.
The combined assessment of analysts suggests that 'Revenues- Net Earned Premiums' will likely reach $404.39 million. The estimate suggests a change of +12.4% year over year.
Analysts forecast 'Revenues- Fee Income' to reach $10.14 million. The estimate indicates a year-over-year change of +18.6%.
According to the collective judgment of analysts, 'Expense Ratio' should come in at 21.0%. Compared to the present estimate, the company reported 21.1% in the same quarter last year.
The consensus among analysts is that 'Combined Ratio' will reach 75.2%. The estimate compares to the year-ago value of 73.4%.
The average prediction of analysts places 'Loss Ratio' at 53.9%. The estimate compares to the year-ago value of 52.3%.
View all Key Company Metrics for Kinsale Capital Group here>>>
Over the past month, Kinsale Capital Group shares have recorded returns of +4.2% versus the Zacks S&P 500 composite's -0.2% change. Based on its Zacks Rank #3 (Hold), KNSL will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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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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