Travelers (TRV - Free Report) reported $10.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.6%. EPS of $7.01 for the same period compares to $3.40 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $10.91 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +39.09%, with the consensus EPS estimate being $5.04.
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 Travelers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined Ratio - Consolidated: 85.8% versus the nine-analyst average estimate of 92.5%.
- Underwriting Expense Ratio - Consolidated: 27.4% versus 28% estimated by nine analysts on average.
- Loss and loss adjustment expense ratio - Consolidated: 58.4% compared to the 64.6% average estimate based on nine analysts.
- Combined Ratio - Bond & Specialty Insurance: 77.3% versus 79.3% estimated by eight analysts on average.
- Total Revenues- Premiums: $9.97 billion compared to the $9.93 billion average estimate based on 10 analysts. The reported number represents a change of +13.1% year over year.
- Total Revenues- Other Revenues: $78 million versus $89.86 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -4.9% change.
- Total Revenues- Net investment income: $778 million versus the nine-analyst average estimate of $795.58 million. The reported number represents a year-over-year change of +24.5%.
- Total Revenues- Fee income: $109 million compared to the $110.63 million average estimate based on nine analysts. The reported number represents a change of +3.8% year over year.
- Revenues- Premiums- Business Insurance: $5.07 billion compared to the $5.04 billion average estimate based on seven analysts. The reported number represents a change of +13.8% year over year.
- Revenues- Premiums- Personal Insurance: $3.97 billion versus $3.91 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
- Revenues- Premiums- Bond & Specialty Insurance: $934 million versus the seven-analyst average estimate of $941.62 million. The reported number represents a year-over-year change of +7.4%.
- Revenues- Other revenues- Personal Insurance: $15 million versus $24.28 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -31.8% change.
View all Key Company Metrics for Travelers here>>>Shares of Travelers have returned +2.8% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
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Travelers (TRV - Free Report) reported $10.94 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 13.6%. EPS of $7.01 for the same period compares to $3.40 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $10.91 billion, representing a surprise of +0.24%. The company delivered an EPS surprise of +39.09%, with the consensus EPS estimate being $5.04.
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 Travelers performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined Ratio - Consolidated: 85.8% versus the nine-analyst average estimate of 92.5%.
- Underwriting Expense Ratio - Consolidated: 27.4% versus 28% estimated by nine analysts on average.
- Loss and loss adjustment expense ratio - Consolidated: 58.4% compared to the 64.6% average estimate based on nine analysts.
- Combined Ratio - Bond & Specialty Insurance: 77.3% versus 79.3% estimated by eight analysts on average.
- Total Revenues- Premiums: $9.97 billion compared to the $9.93 billion average estimate based on 10 analysts. The reported number represents a change of +13.1% year over year.
- Total Revenues- Other Revenues: $78 million versus $89.86 million estimated by 10 analysts on average. Compared to the year-ago quarter, this number represents a -4.9% change.
- Total Revenues- Net investment income: $778 million versus the nine-analyst average estimate of $795.58 million. The reported number represents a year-over-year change of +24.5%.
- Total Revenues- Fee income: $109 million compared to the $110.63 million average estimate based on nine analysts. The reported number represents a change of +3.8% year over year.
- Revenues- Premiums- Business Insurance: $5.07 billion compared to the $5.04 billion average estimate based on seven analysts. The reported number represents a change of +13.8% year over year.
- Revenues- Premiums- Personal Insurance: $3.97 billion versus $3.91 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +13.7% change.
- Revenues- Premiums- Bond & Specialty Insurance: $934 million versus the seven-analyst average estimate of $941.62 million. The reported number represents a year-over-year change of +7.4%.
- Revenues- Other revenues- Personal Insurance: $15 million versus $24.28 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -31.8% change.
View all Key Company Metrics for Travelers here>>>Shares of Travelers have returned +2.8% over the past month versus the Zacks S&P 500 composite's +5.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
Zacks Names #1 Semiconductor Stock
It's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.
With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.
See This Stock Now for Free >>
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