Axis Capital (AXS - Free Report) reported $1.46 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.2%. EPS of $2.94 for the same period compares to $1.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +2.67%. The company delivered an EPS surprise of +335.20%, with the consensus EPS estimate being -$1.25.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Axis Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net loss and loss expense ratio - Total: 91.1% compared to the 80.8% average estimate based on three analysts.
- Combined Ratio - Total: 124.6% compared to the 114.5% average estimate based on three analysts.
- Acquisition Cost Ratio - Total: 20.1% versus the two-analyst average estimate of 20.2%.
- Net investment income: $186.94 million compared to the $168 million average estimate based on three analysts. The reported number represents a change of +27.1% year over year.
- Net premiums earned: $1.27 billion compared to the $1.31 billion average estimate based on three analysts. The reported number represents a change of -5.6% year over year.
- Other insurance related income (loss): $6.05 million versus $11.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +96.7% change.
View all Key Company Metrics for Axis Capital here>>>Shares of Axis Capital have returned +8.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Axis Capital (AXS - Free Report) reported $1.46 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 2.2%. EPS of $2.94 for the same period compares to $1.95 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $1.42 billion, representing a surprise of +2.67%. The company delivered an EPS surprise of +335.20%, with the consensus EPS estimate being -$1.25.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Axis Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net loss and loss expense ratio - Total: 91.1% compared to the 80.8% average estimate based on three analysts.
- Combined Ratio - Total: 124.6% compared to the 114.5% average estimate based on three analysts.
- Acquisition Cost Ratio - Total: 20.1% versus the two-analyst average estimate of 20.2%.
- Net investment income: $186.94 million compared to the $168 million average estimate based on three analysts. The reported number represents a change of +27.1% year over year.
- Net premiums earned: $1.27 billion compared to the $1.31 billion average estimate based on three analysts. The reported number represents a change of -5.6% year over year.
- Other insurance related income (loss): $6.05 million versus $11.68 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +96.7% change.
View all Key Company Metrics for Axis Capital here>>>Shares of Axis Capital have returned +8.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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