In the latest close session, Kinsale Capital Group, Inc. (KNSL) was down 1.76% at $373.90. The stock's performance was behind the S&P 500's daily loss of 0.33%. At the same time, the Dow lost 0.7%, and the tech-heavy Nasdaq lost 0.12%.
Shares of the company have appreciated by 6.79% over the course of the past month, outperforming the Finance sector's gain of 0.82%, and the S&P 500's gain of 3.87%.
Investors will be eagerly watching for the performance of Kinsale Capital Group, Inc. in its upcoming earnings disclosure. The company is predicted to post an EPS of $4.87, indicating a 6.53% decline compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $479.3 million, down 3.66% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $21.1 per share and revenue of $1.98 billion, indicating changes of +8.15% and +5.51%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Kinsale Capital Group, Inc. These revisions help to show the ever-changing nature 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. 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, 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 moved 0.1% lower. Kinsale Capital Group, Inc. is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Kinsale Capital Group, Inc. is presently trading at a Forward P/E ratio of 18.04. This valuation marks a premium compared to its industry average Forward P/E of 11.7.
We can additionally observe that KNSL currently boasts a PEG ratio of 1.2. 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. KNSL's industry had an average PEG ratio of 1.84 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).