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In the latest market close, Kinsale Capital Group, Inc. (KNSL) reached $498.60, with a +1.44% movement compared to the previous day. The stock exceeded the S&P 500, which registered a loss of 4.84% for the day. Elsewhere, the Dow saw a downswing of 3.98%, while the tech-heavy Nasdaq depreciated by 5.97%.
Shares of the company witnessed a gain of 12.29% over the previous month, beating the performance of the Finance sector with its loss of 2.42% and the S&P 500's loss of 4.7%.
The upcoming earnings release of Kinsale Capital Group, Inc. will be of great interest to investors. It is anticipated that the company will report an EPS of $3.16, marking a 9.71% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $424.62 million, reflecting a 13.9% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $17.32 per share and a revenue of $1.8 billion, signifying shifts of +7.85% and +13.28%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Kinsale Capital Group, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.09% fall in the Zacks Consensus EPS estimate. Currently, Kinsale Capital Group, Inc. is carrying a Zacks Rank of #3 (Hold).
Digging into valuation, Kinsale Capital Group, Inc. currently has a Forward P/E ratio of 28.38. Its industry sports an average Forward P/E of 12.23, so one might conclude that Kinsale Capital Group, Inc. is trading at a premium comparatively.
We can also see that KNSL currently has a PEG ratio of 1.89. 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 Insurance - Property and Casualty was holding an average PEG ratio of 2.01 at yesterday's closing price.