The most recent trading session was for Hamilton Insurance (HG) to close at $17.78, marking a -1.11% decline from the previous trading day’s closing price. The stock’s price change was less than the S&P 500’s daily decline of 0.92%. Meanwhile, the Dow Jones Industrial Average fell 0.96%, and the tech-heavy Nasdaq fell 1.6%.
Shares of the insurance and reinsurance services provider were down 3.28% from the previous month, outpacing the Financial sector’s decline of 4.92% and lagging the S&P 500’s gain of 2.68%.
Analysts and investors alike will be keeping an eye on Hamilton Insurance’s performance in its upcoming earnings release. The company’s earnings report is scheduled to be released on November 6, 2024. The company’s future EPS is expected to be $0.69, which would represent an increase of 68.29% compared to the same period last year. Meanwhile, our latest consensus estimate is calling for revenue of $515.96 million, up 30.2% from the year-ago period.
For the full year, the Zacks Consensus Estimates suggest that analysts are expecting earnings of $4.12 per share and revenue of $2.32 billion. These totals represent changes of +68.85% and +47.77%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Hamilton Insurance. Recent revisions tend to reflect the latest short-term business trends. Therefore, positive estimate changes mean the analysts are optimistic about the company’s business and profitability.
Our research suggests that these estimate changes have a direct relationship with future stock performance. Investors can take advantage of this by using the Zacks Rank. This model takes these estimate changes into account and provides a simple and practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), has an impressive, outside-audited history of outperformance, with #1 stocks having an average annual +25% profit. The 30-day Zacks Consensus EPS estimate has moved 2.14% lower. Hamilton Insurance currently carries a Zacks Rank #4 (Sell).
In terms of valuation, Hamilton Insurance is currently trading at a forward P/E of 4.36x. This represents a discount when compared to its industry’s average Forward P/E of 10.67.
Insurance – Multiline industry is part of the financial sector. Its current Zacks Industry Rank is 143, which puts this industry in the bottom 44% of all 250+ industries.
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