In the latest close session, Kinsale Capital Group, Inc. (KNSL) was down 1.3% at $378.49. This change lagged the S&P 500's 0.57% loss on the day. Meanwhile, the Dow lost 1.61%, and the Nasdaq, a tech-heavy index, lost 0.26%.
The company's stock has dropped by 6.21% in the past month, falling short of the Finance sector's loss of 2.87% and the S&P 500's loss of 0.15%.
The investment community will be closely monitoring the performance of Kinsale Capital Group, Inc. in its forthcoming earnings report. In that report, analysts expect Kinsale Capital Group, Inc. to post earnings of $4.76 per share. This would mark year-over-year growth of 28.3%. At the same time, our most recent consensus estimate is projecting a revenue of $475.66 million, reflecting a 12.34% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $20.47 per share and revenue of $1.95 billion, indicating changes of +4.92% and +4.23%, respectively, compared to the previous year.
Any recent changes to analyst estimates for Kinsale Capital Group, Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.12% downward. Kinsale Capital Group, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Kinsale Capital Group, Inc. is presently trading at a Forward P/E ratio of 18.73. This represents a premium compared to its industry average Forward P/E of 10.64.
One should further note that KNSL currently holds a PEG ratio of 1.56. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The average PEG ratio for the Insurance - Property and Casualty industry stood at 2.16 at the close of the market yesterday.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 38, which puts it in the top 16% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many 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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