Kinsale Capital Group to Report Earnings Amid Slowing Revenue Growth

Earnings
โดย Yahoo Finance·Read original
Summary · why it matters

Kinsale Capital Group is set to report earnings this Thursday afternoon. The specialty insurance provider missed revenue expectations last quarter with $466.7 million, up 10.2% year on year, and analysts expect revenue to grow just 1.6% this quarter, a sharp slowdown from 22.2% growth a year ago. Peers Travelers and W. R. Berkley have already reported flat and 1.2% revenue growth respectively, both missing estimates. Kinsale Capital Group shares are up 15.2% over the last month, heading into earnings with an average analyst price target of $347.11 against a current price of $339.89.

Impact on stocks 3

Climate Adaptation & Water · 2 stocks
W. R. Berkley Corp
WRB
▼ NegativeDemandrelevance

W. R. Berkley reported 1.2% revenue growth, missing estimates, indicating weak demand in the sector.

Financials · 1 stocks
Kinsale Capital Group Inc
KNSL
± MixedCapitalrelevance

Kinsale is the subject of the article, reporting earnings with expected revenue slowdown; market reaction uncertain.