We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Kinsale Capital Group, Inc. (KNSL) Stock Dips While Market Gains: Key Facts
Read MoreHide Full Article
In the latest trading session, Kinsale Capital Group, Inc. (KNSL - Free Report) closed at $473.22, marking a -0.41% move from the previous day. This move lagged the S&P 500's daily gain of 0.4%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.63%.
The company's stock has climbed by 4.71% in the past month, exceeding the Finance sector's loss of 3.26% and the S&P 500's gain of 3.76%.
Market participants will be closely following the financial results of Kinsale Capital Group, Inc. in its upcoming release. The company plans to announce its earnings on October 24, 2024. In that report, analysts expect Kinsale Capital Group, Inc. to post earnings of $3.70 per share. This would mark year-over-year growth of 11.78%. In the meantime, our current consensus estimate forecasts the revenue to be $401.22 million, indicating a 27.63% growth compared to the corresponding quarter of the prior year.
KNSL's full-year Zacks Consensus Estimates are calling for earnings of $15.05 per share and revenue of $1.57 billion. These results would represent year-over-year changes of +20.4% and +29.25%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 past month, the Zacks Consensus EPS estimate has shifted 1.69% downward. Currently, Kinsale Capital Group, Inc. is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kinsale Capital Group, Inc. has a Forward P/E ratio of 31.58 right now. This indicates a premium in contrast to its industry's Forward P/E of 15.34.
It's also important to note that KNSL currently trades at a PEG ratio of 2.11. 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 1.83 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Kinsale Capital Group, Inc. (KNSL) Stock Dips While Market Gains: Key Facts
In the latest trading session, Kinsale Capital Group, Inc. (KNSL - Free Report) closed at $473.22, marking a -0.41% move from the previous day. This move lagged the S&P 500's daily gain of 0.4%. Meanwhile, the Dow gained 0.09%, and the Nasdaq, a tech-heavy index, added 0.63%.
The company's stock has climbed by 4.71% in the past month, exceeding the Finance sector's loss of 3.26% and the S&P 500's gain of 3.76%.
Market participants will be closely following the financial results of Kinsale Capital Group, Inc. in its upcoming release. The company plans to announce its earnings on October 24, 2024. In that report, analysts expect Kinsale Capital Group, Inc. to post earnings of $3.70 per share. This would mark year-over-year growth of 11.78%. In the meantime, our current consensus estimate forecasts the revenue to be $401.22 million, indicating a 27.63% growth compared to the corresponding quarter of the prior year.
KNSL's full-year Zacks Consensus Estimates are calling for earnings of $15.05 per share and revenue of $1.57 billion. These results would represent year-over-year changes of +20.4% and +29.25%, respectively.
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. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 past month, the Zacks Consensus EPS estimate has shifted 1.69% downward. Currently, Kinsale Capital Group, Inc. is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Kinsale Capital Group, Inc. has a Forward P/E ratio of 31.58 right now. This indicates a premium in contrast to its industry's Forward P/E of 15.34.
It's also important to note that KNSL currently trades at a PEG ratio of 2.11. 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 1.83 based on yesterday's closing prices.
The Insurance - Property and Casualty industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 94, positioning it in the top 38% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.