Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
On Wednesday, Kingstone Companies (NASDAQ:KINS) will report its last quarter's earnings. Here is Benzinga's take on the company's release.
Earnings and Revenue
Kingstone Companies EPS is expected to be around 35 cents per share, according to sell-side analysts. Sales will likely be near $24.7 million.
In the same quarter last year, Kingstone Companies posted EPS of 26 cents on sales of $20.2 million. The Wall Street estimate would represent a 34.62 percent increase in the company's earnings. Revenue would be up 22.06 percent from the year-ago period.
Here's how the company's reported EPS has stacked up against analyst estimates in the past:
| Quarter | Q3 2017 | Q2 2017 | Q1 2017 | Q4 2016 |
| EPS Estimate | 0.38 | 0.27 | 0.13 | 0.26 |
| EPS Actual | 0.38 | 0.22 | 0.15 | 0.26 |
Stock Performance
Over the last 52-week period, shares are up 39.07 percent. Given that these returns are generally positive, long-term shareholders can be satisfied going into this earnings release.
Analysts have adjusted their estimates higher for EPS and revenues over the past 90 days. The average rating by analysts on Kingstone Companies stock is a Buy. The validity of this rating has maintained conviction over the past 90 days.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!