Kingstone Companies, Inc (KINS) Meets Q3 Earnings Estimates

Core Viewpoint - Kingstone Companies, Inc. reported quarterly earnings of $0.50 per share, matching the Zacks Consensus Estimate, and showing a significant improvement from a loss of $0.27 per share a year ago [1] - The company posted revenues of $40.77 million for the quarter ended September 2024, which was 2.46% below the Zacks Consensus Estimate, but up from $34.24 million year-over-year [2] Group 1: Earnings Performance - Kingstone Companies' earnings of $0.50 per share were in line with expectations, and the company has not surpassed consensus EPS estimates in the last four quarters [1] - The company had previously expected to post earnings of $0.39 per share, which it achieved, indicating no surprise in earnings performance [1] Group 2: Revenue Performance - The reported revenue of $40.77 million missed the consensus estimate, marking a failure to beat revenue estimates over the last four quarters [2] - Year-over-year revenue growth was noted, increasing from $34.24 million [2] Group 3: Stock Performance and Outlook - Kingstone Companies' shares have increased approximately 477.5% since the beginning of the year, significantly outperforming the S&P 500's gain of 25.8% [3] - The company's future stock performance will largely depend on management's commentary during the earnings call and the outlook for earnings estimates [3][4] Group 4: Earnings Estimates and Industry Outlook - The current consensus EPS estimate for the upcoming quarter is $0.40, with expected revenues of $45.1 million, and for the current fiscal year, the estimate is $1.36 on revenues of $159.2 million [7] - The Insurance - Property and Casualty industry, to which Kingstone belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable industry outlook [8]