Health Insurance Innovations (HIIQ) closed at $24.28 in the latest trading session, marking a -1.62% move from the prior day. This move lagged the S&P 500's daily loss of 0.12%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.02%.
Coming into today, shares of the Web-based health coverage provider had lost 0.88% in the past month. In that same time, the Finance sector gained 5.35%, while the S&P 500 gained 4.42%.
Investors will be hoping for strength from HIIQ as it approaches its next earnings release, which is expected to be November 12, 2019. On that day, HIIQ is projected to report earnings of $0.28 per share, which would represent a year-over-year decline of 54.1%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $90.33 million, up 22.05% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.07 per share and revenue of $445.25 million. These totals would mark changes of +56.54% and +28.91%, respectively, from last year.
Any recent changes to analyst estimates for HIIQ should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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. The Zacks Consensus EPS estimate has moved 0.71% lower within the past month. HIIQ is currently a Zacks Rank #4 (Sell).
Investors should also note HIIQ's current valuation metrics, including its Forward P/E ratio of 6.06. For comparison, its industry has an average Forward P/E of 7.54, which means HIIQ is trading at a discount to the group.
The Insurance - Life Insurance industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 22% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Health Insurance Innovations, Inc. (HIIQ) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research