Kinsale Capital Group stock price slides slightly, but earnings expected to grow

From Nasdaq: 2024-05-31 18:15:08

Kinsale Capital Group, Inc. (KNSL) closed trading at $383.62, down -0.61% from the previous session. The Dow rose by 1.51%, while the Nasdaq fell by 0.01%. Shares of KNSL have gained 3.44% in the past month, with upcoming earnings expected to show a 22.22% growth in earnings per share.

Analysts estimate Kinsale Capital Group, Inc. will report earnings of $3.52 per share, a 22.22% year-over-year growth. Revenue is projected to be $377.15 million, a 27.51% increase from the previous year. The Zacks Consensus Estimates forecast earnings of $14.96 per share and revenue of $1.55 billion for the fiscal year, up 19.68% and 27.43% respectively.

KNSL is trading at a Forward P/E ratio of 25.79, a premium compared to the industry average of 12.77. The Insurance – Property and Casualty industry has a Zacks Industry Rank of 56, placing it in the top 23% of all industries. Monitor stock-moving metrics and access Zacks Rank #1 Strong Buys for potential early price pops.

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Read more at Nasdaq: Kinsale Capital Group, Inc. (KNSL) Stock Slides as Market Rises: Facts to Know Before You Trade