Health Insurance Innovations (HIIQ) closed the most recent trading day at $24, moving -0.83% from the previous trading session. This change lagged the S&P 500's daily loss of 0.23%. At the same time, the Dow lost 0.01%, and the tech-heavy Nasdaq lost 0.05%.
Prior to today's trading, shares of the Web-based health coverage provider had lost 25.63% over the past month. This has lagged the Finance sector's gain of 1.71% and the S&P 500's gain of 3.16% in that time.
Investors will be hoping for strength from HIIQ as it approaches its next earnings release. In that report, analysts expect HIIQ to post earnings of $0.49 per share. This would mark a year-over-year decline of 5.77%. Meanwhile, our latest consensus estimate is calling for revenue of $89.87 million, up 32.64% from the prior-year quarter.
HIIQ's full-year Zacks Consensus Estimates are calling for earnings of $3.29 per share and revenue of $400.66 million. These results would represent year-over-year changes of +26.54% and +16%, respectively.
Investors might also notice recent changes to analyst estimates for HIIQ. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10.03% higher. HIIQ is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note HIIQ's current valuation metrics, including its Forward P/E ratio of 7.36. This valuation marks a discount compared to its industry's average Forward P/E of 7.69.
The Insurance - Life Insurance industry is part of the Finance sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Health Insurance Innovations, Inc. (HIIQ) : Free Stock Analysis Report
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