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Kinsale Capital Group, Inc. (KNSL) Surpasses Market Returns: Some Facts Worth Knowing
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Kinsale Capital Group, Inc. (KNSL - Free Report) closed the most recent trading day at $438.97, moving +1.74% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.63% for the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 0.39%.
The company's shares have seen an increase of 5.21% over the last month, surpassing the Finance sector's loss of 3.32% and the S&P 500's loss of 3.39%.
The upcoming earnings release of Kinsale Capital Group, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $2.93, signifying a 78.66% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $319.17 million, indicating a 47.11% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.64 per share and revenue of $1.21 billion, which would represent changes of +49.23% and +48.28%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Kinsale Capital Group, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.66% higher. Currently, Kinsale Capital Group, Inc. is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Kinsale Capital Group, Inc. is currently trading at a Forward P/E ratio of 37.08. This expresses a premium compared to the average Forward P/E of 14.75 of its industry.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Kinsale Capital Group, Inc. (KNSL) Surpasses Market Returns: Some Facts Worth Knowing
Kinsale Capital Group, Inc. (KNSL - Free Report) closed the most recent trading day at $438.97, moving +1.74% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.63% for the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 0.39%.
The company's shares have seen an increase of 5.21% over the last month, surpassing the Finance sector's loss of 3.32% and the S&P 500's loss of 3.39%.
The upcoming earnings release of Kinsale Capital Group, Inc. will be of great interest to investors. The company's upcoming EPS is projected at $2.93, signifying a 78.66% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $319.17 million, indicating a 47.11% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $11.64 per share and revenue of $1.21 billion, which would represent changes of +49.23% and +48.28%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Kinsale Capital Group, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.66% higher. Currently, Kinsale Capital Group, Inc. is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Kinsale Capital Group, Inc. is currently trading at a Forward P/E ratio of 37.08. This expresses a premium compared to the average Forward P/E of 14.75 of its industry.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.