Kingstone Companies Inc reports results for the quarter - Earnings Summary

Kingstone Companies

13/11/2024 14:20

* Kingstone Companies Inc  KINS.OQ  reported quarterly
adjusted
earnings of 50 cents​​ per share for the quarter , higher than
the same quarter last year, when the company reported EPS of -27
cents.  The lone analyst forecast for the quarter was
for earnings of 50 cents per share. 
    * Revenue rose 459% to $20.55 million from a year ago;
analysts
expected $41.80 million. 
    * Kingstone Companies Inc's reported EPS for the quarter was
55
cents​.
    * The company reported quarterly net income of $6.98
million.
    * Kingstone Companies Inc shares had risen by 30.6% this
quarter and gained 461.0% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 233.3%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 1 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "strong buy"

Wall Street's median 12-month price target for Kingstone
Companies Inc is $13.50 
This summary was machine generated from LSEG data November 13 at
02:20 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2024      0.50           0.50           Met
 Jun. 30 2024      0.39           0.39           Met