James River Group (JRVR) Dips More Than Broader Markets: What You Should Know
James River Group (JRVR) closed at $18.66 in the latest trading session, marking a -0.59% move from the prior day. This change lagged the S&P 500's 0.45% loss on the day. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, added 3.58%.
Prior to today's trading, shares of the insurance holding company had lost 6.94% over the past month. This has lagged the Finance sector's gain of 1.96% and the S&P 500's gain of 5.01% in that time.
Wall Street will be looking for positivity from James River Group as it approaches its next earnings report date. The company is expected to report EPS of $0.53, up 1.92% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $216.7 million, up 17.26% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.15 per share and revenue of $862.3 million, which would represent changes of +16.22% and +5.97%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for James River Group. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. James River Group is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that James River Group has a Forward P/E ratio of 8.73 right now. For comparison, its industry has an average Forward P/E of 8.66, which means James River Group is trading at a premium to the group.
The Insurance - Multi line industry is part of the Finance sector. This group has a Zacks Industry Rank of 64, 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.
To follow JRVR in the coming trading sessions, be sure to utilize Zacks.com.
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James River Group Holdings, Ltd. (JRVR) : Free Stock Analysis Report
