Latest news with #ZacksConsensusEstimates
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2 days ago
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Kinsale Capital Group, Inc. (KNSL) Gains As Market Dips: What You Should Know
Kinsale Capital Group, Inc. (KNSL) closed at $470.91 in the latest trading session, marking a +0.69% move from the prior day. This change outpaced the S&P 500's 0.53% loss on the day. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%. Shares of the company have appreciated by 1.65% over the course of the past month, underperforming the Finance sector's gain of 3.08% and the S&P 500's gain of 5.17%. Investors will be eagerly watching for the performance of Kinsale Capital Group, Inc. in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of $4.36, marking a 16.27% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $432.2 million, indicating a 12.39% growth compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $17.67 per share and a revenue of $1.75 billion, signifying shifts of +10.02% and +10.27%, respectively, from the last year. Any recent changes to analyst estimates for Kinsale Capital Group, Inc. should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.23% higher. At present, Kinsale Capital Group, Inc. boasts a Zacks Rank of #3 (Hold). Looking at valuation, Kinsale Capital Group, Inc. is presently trading at a Forward P/E ratio of 26.46. For comparison, its industry has an average Forward P/E of 11.98, which means Kinsale Capital Group, Inc. is trading at a premium to the group. We can also see that KNSL currently has a PEG ratio of 1.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As the market closed yesterday, the Insurance - Property and Casualty industry was having an average PEG ratio of 2.75. The Insurance - Property and Casualty industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 54, finds itself in the top 22% echelons of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow KNSL in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Kinsale Capital Group, Inc. (KNSL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 days ago
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APA (APA) Stock Moves -0.39%: What You Should Know
APA (APA) closed at $17.85 in the latest trading session, marking a -0.39% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.53% for the day. Elsewhere, the Dow lost 0.26%, while the tech-heavy Nasdaq lost 0.83%. The oil and natural gas producer's stock has climbed by 15.76% in the past month, exceeding the Oils-Energy sector's gain of 2.48% and the S&P 500's gain of 5.17%. Market participants will be closely following the financial results of APA in its upcoming release. The company is predicted to post an EPS of $0.58, indicating a 50.43% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.88 billion, showing a 32.49% drop compared to the year-ago quarter. For the full year, the Zacks Consensus Estimates project earnings of $3.01 per share and a revenue of $8.11 billion, demonstrating changes of -20.16% and -16.74%, respectively, from the preceding year. Investors should also pay attention to any latest changes in analyst estimates for APA. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.22% increase. APA presently features a Zacks Rank of #3 (Hold). In terms of valuation, APA is presently being traded at a Forward P/E ratio of 5.95. This expresses a discount compared to the average Forward P/E of 10.3 of its industry. It's also important to note that APA currently trades at a PEG ratio of 5.67. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 2.34 as of yesterday's close. The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 26% of all industries, numbering over 250. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. To follow APA in the coming trading sessions, be sure to utilize Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report APA Corporation (APA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
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2 days ago
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GE Vernova (GEV) Sees a More Significant Dip Than Broader Market: Some Facts to Know
GE Vernova (GEV) closed at $484.31 in the latest trading session, marking a -0.78% move from the prior day. This change lagged the S&P 500's 0.53% loss on the day. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%. Heading into today, shares of the the energy business spun off from General Electric had gained 19.99% over the past month, outpacing the Oils-Energy sector's gain of 2.48% and the S&P 500's gain of 5.17% in that time. Investors will be eagerly watching for the performance of GE Vernova in its upcoming earnings disclosure. On that day, GE Vernova is projected to report earnings of $1.63 per share, which would represent year-over-year growth of 129.58%. At the same time, our most recent consensus estimate is projecting a revenue of $8.76 billion, reflecting a 6.79% rise from the equivalent quarter last year. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.16 per share and revenue of $37.17 billion, indicating changes of +28.32% and +6.39%, respectively, compared to the previous year. Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for GE Vernova. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.26% lower. Currently, GE Vernova is carrying a Zacks Rank of #3 (Hold). From a valuation perspective, GE Vernova is currently exchanging hands at a Forward P/E ratio of 68.21. This signifies a premium in comparison to the average Forward P/E of 19.76 for its industry. Meanwhile, GEV's PEG ratio is currently 3.79. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Alternative Energy - Other stocks are, on average, holding a PEG ratio of 2.55 based on yesterday's closing prices. The Alternative Energy - Other industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 155, this industry ranks in the bottom 37% of all industries, numbering over 250. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report GE Vernova Inc. (GEV) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 days ago
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Albemarle (ALB) Registers a Bigger Fall Than the Market: Important Facts to Note
Albemarle (ALB) closed at $58.64 in the latest trading session, marking a -1.78% move from the prior day. This change lagged the S&P 500's daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.83%. Coming into today, shares of the specialty chemicals company had gained 6.49% in the past month. In that same time, the Basic Materials sector gained 4.61%, while the S&P 500 gained 5.17%. Analysts and investors alike will be keeping a close eye on the performance of Albemarle in its upcoming earnings disclosure. On that day, Albemarle is projected to report earnings of -$0.74 per share, which would represent a year-over-year decline of 1950%. Meanwhile, our latest consensus estimate is calling for revenue of $1.21 billion, down 15.52% from the prior-year quarter. Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$1.65 per share and revenue of $4.86 billion, indicating changes of +29.49% and -9.65%, respectively, compared to the previous year. It is also important to note the recent changes to analyst estimates for Albemarle. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 20.47% decrease. Albemarle is currently a Zacks Rank #3 (Hold). The Chemical - Diversified industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 202, finds itself in the bottom 18% echelons 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 to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Albemarle Corporation (ALB) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
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2 days ago
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VICI Properties Inc. (VICI) Ascends While Market Falls: Some Facts to Note
VICI Properties Inc. (VICI) closed at $31.45 in the latest trading session, marking a +0.22% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.53% for the day. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%. Coming into today, shares of the company had lost 0.88% in the past month. In that same time, the Finance sector gained 3.08%, while the S&P 500 gained 5.17%. The investment community will be closely monitoring the performance of VICI Properties Inc. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.59, marking a 3.51% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $995.14 million, indicating a 3.99% growth compared to the corresponding quarter of the prior year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.34 per share and a revenue of $3.98 billion, signifying shifts of +3.54% and +3.52%, respectively, from the last year. Any recent changes to analyst estimates for VICI Properties Inc. should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. 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, 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, the Zacks Consensus EPS estimate has moved 0.17% higher. Right now, VICI Properties Inc. possesses a Zacks Rank of #2 (Buy). In terms of valuation, VICI Properties Inc. is currently trading at a Forward P/E ratio of 13.39. This indicates a premium in contrast to its industry's Forward P/E of 11.24. Meanwhile, VICI's PEG ratio is currently 2.91. 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. The average PEG ratio for the REIT and Equity Trust - Other industry stood at 2.44 at the close of the market yesterday. The REIT and Equity Trust - Other industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 130, finds itself in the bottom 48% echelons of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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 to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report VICI Properties Inc. (VICI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
