In the latest trading session, Health Insurance Innovations (HIIQ) closed at $26.78, marking a +1.44% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.19%. Elsewhere, the Dow lost 0.11%, while the tech-heavy Nasdaq added 0.81%.
Prior to today's trading, shares of the Web-based health coverage provider had gained 19.13% over the past month. This has outpaced the Finance sector's gain of 1.46% and the S&P 500's gain of 0.56% in that time.
Wall Street will be looking for positivity from HIIQ as it approaches its next earnings report date. In that report, analysts expect HIIQ to post earnings of $0.28 per share. This would mark 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.
For the full year, our Zacks Consensus Estimates are projecting earnings of $4.07 per share and revenue of $445.25 million, which would represent changes of +56.54% and +28.91%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for HIIQ. 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.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.71% lower. HIIQ is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, HIIQ is holding a Forward P/E ratio of 6.48. For comparison, its industry has an average Forward P/E of 6.88, 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 192, which puts it in the bottom 25% 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.
To follow HIIQ in the coming trading sessions, be sure to utilize Zacks.com.
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