Q3 2024 Kingstone Companies Inc Earnings Call

Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:

UBS Group AG UBS: This financial holding company has seen the Zacks Consensus Estimate for its current year earnings increasing 18.9% over the last 60 days.

UBS Group AG Price and Consensus

UBS Group AG price-consensus-chart | UBS Group AG Quote

Kingstone Companies, Inc. KINS: This property and casualty insurance company has seen the Zacks Consensus Estimate for its current year earnings increasing 36% over the last 60 days.

Kingstone Companies, Inc Price and Consensus

Kingstone Companies, Inc price-consensus-chart | Kingstone Companies, Inc Quote

HUYA Inc. HUYA: This live-streaming company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.

HUYA Inc. Sponsored ADR Price and Consensus

HUYA Inc. Sponsored ADR price-consensus-chart | HUYA Inc. Sponsored ADR Quote

Payoneer Global Inc.PAYO: This financial technology company has seen the Zacks Consensus Estimate for its current year earnings increasing 28% over the last 60 days.

Payoneer Global Inc. Price and Consensus

Payoneer Global Inc. price-consensus-chart | Payoneer Global Inc. Quote

Toast, Inc. TOST: This cloud-based digital technology platform provider has seen the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.

Toast, Inc. Price and Consensus

Toast, Inc. price-consensus-chart | Toast, Inc. Quote

You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks Investment Research

Here are three stocks with buy rank and strong value characteristics for investors to consider today, November 13:

UBS Group AG UBS: This financial holding company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 18.9% over the last 60 days.

UBS Group AG Price and Consensus

UBS Group AG price-consensus-chart | UBS Group AG Quote

UBS Group has a price-to-earnings ratio (P/E) of 22.52 compared with 24.30 for the S&P. The company possesses a Value Scoreof A.

UBS Group AG PE Ratio (TTM)

UBS Group AG pe-ratio-ttm | UBS Group AG Quote

Kingstone Companies, Inc. KINS: This property and casualty insurance company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 36% over the last 60 days.

Kingstone Companies, Inc Price and Consensus

Kingstone Companies, Inc price-consensus-chart | Kingstone Companies, Inc Quote

Kingstone Companies has a price-to-earnings ratio (P/E) of 9.04 compared with 15.70 for the industry. The company possesses a Value Score of B.

Kingstone Companies, Inc PE Ratio (TTM)

Kingstone Companies, Inc pe-ratio-ttm | Kingstone Companies, Inc Quote

HUYA Inc. HUYA: This live-streaming company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days.

HUYA Inc. Sponsored ADR Price and Consensus

HUYA Inc. Sponsored ADR price-consensus-chart | HUYA Inc. Sponsored ADR Quote

HUYA has a price-to-earnings ratio (P/E) of 16.56 compared with 65.50 for the industry. The company possesses a Value Score of B.

HUYA Inc. Sponsored ADR PE Ratio (TTM)

HUYA Inc. Sponsored ADR pe-ratio-ttm | HUYA Inc. Sponsored ADR Quote

See the full list of top ranked stocks here.

Learn more about the Value score and how it is calculated here.

Zacks Investment Research

Kingstone Companies, Inc (KINS) came out with quarterly earnings of $0.50 per share, in line with the Zacks Consensus Estimate. This compares to loss of $0.27 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this company would post earnings of $0.39 per share when it actually produced earnings of $0.39, delivering no surprise.

Over the last four quarters, the company has not been able to surpass consensus EPS estimates.

Kingstone Companies, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $40.77 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 2.46%. This compares to year-ago revenues of $34.24 million. The company has not been able to beat consensus revenue estimates over the last four quarters.

The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.

Kingstone Companies shares have added about 477.5% since the beginning of the year versus the S&P 500's gain of 25.8%.

What's Next for Kingstone Companies?

While Kingstone Companies has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Kingstone Companies: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.40 on $45.1 million in revenues for the coming quarter and $1.36 on $159.2 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the top 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Another stock from the broader Zacks Finance sector, BM Technologies, Inc. (BMTX), has yet to report results for the quarter ended September 2024.

This company is expected to post quarterly loss of $0.18 per share in its upcoming report, which represents a year-over-year change of +47.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

BM Technologies, Inc.'s revenues are expected to be $14.06 million, down 4.6% from the year-ago quarter.

Zacks Investment Research