Health Insurance Innovations (HIIQ) closed the most recent trading day at $27.84, moving +1.42% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.46%. At the same time, the Dow lost 0.13%, and the tech-heavy Nasdaq lost 0.63%.
Coming into today, shares of the Web-based health coverage provider had lost 35.97% in the past month. In that same time, the Finance sector lost 1.89%, while the S&P 500 gained 1.08%.
HIIQ will be looking to display strength as it nears its next earnings release. In that report, analysts expect HIIQ to post earnings of $0.53 per share. This would mark year-over-year growth of 1.92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $89.87 million, up 32.64% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.16 per share and revenue of $447.50 million. These totals would mark changes of +21.54% and +29.56%, respectively, from last year.
Any recent changes to analyst estimates for HIIQ should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.68% higher. HIIQ is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, HIIQ currently has a Forward P/E ratio of 8.69. This valuation marks a premium compared to its industry's average Forward P/E of 7.64.
The Insurance - Life Insurance industry is part of the Finance sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Health Insurance Innovations, Inc. (HIIQ): Free Stock Analysis Report
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