We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Compared to Estimates, Cincinnati Financial (CINF) Q2 Earnings: A Look at Key Metrics
Read MoreHide Full Article
Cincinnati Financial (CINF - Free Report) reported $2.17 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 10%. EPS of $1.21 for the same period compares to $0.65 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.19 billion, representing a surprise of -0.76%. The company delivered an EPS surprise of +68.06%, with the consensus EPS estimate being $0.72.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cincinnati Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Commercial Lines Insurance - Combined ratio: 96.9% compared to the 102.21% average estimate based on four analysts.
Excess & Surplus - Combined ratio: 92.2% compared to the 92.28% average estimate based on four analysts.
Personal Lines Insurance - Combined ratio: 107.6% compared to the 106.18% average estimate based on four analysts.
Commercial Lines Insurance - Loss and loss expenses: 66.4% compared to the 69.96% average estimate based on four analysts.
Excess & Surplus- Earned premiums: $132 million versus the four-analyst average estimate of $135.33 million.
Revenues- Property Casualty Insurance- Fee revenues: $3 million versus the four-analyst average estimate of $2 million.
Revenues- Life Insurance Subsidiary: $127 million versus the four-analyst average estimate of $114.90 million. The reported number represents a year-over-year change of +6.7%.
Revenues- Commercial lines insurance: $1.07 billion compared to the $1.07 billion average estimate based on four analysts. The reported number represents a change of +7.2% year over year.
Revenues- Personal lines insurance: $494 million versus the four-analyst average estimate of $478.48 million. The reported number represents a year-over-year change of +19.3%.
Revenues- Commercial lines insurance - Fee revenues: $1 million versus the four-analyst average estimate of $1 million.
Revenues- Property Casualty Insurance- Earned premiums: $1.86 billion versus $1.89 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.
Revenues- Personal Lines Insurance- Earned premiums: $493 million compared to the $477.73 million average estimate based on four analysts. The reported number represents a change of +19.4% year over year.
Shares of Cincinnati Financial have returned +6.2% over the past month versus the Zacks S&P 500 composite's +3.8% 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.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Compared to Estimates, Cincinnati Financial (CINF) Q2 Earnings: A Look at Key Metrics
Cincinnati Financial (CINF - Free Report) reported $2.17 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 10%. EPS of $1.21 for the same period compares to $0.65 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $2.19 billion, representing a surprise of -0.76%. The company delivered an EPS surprise of +68.06%, with the consensus EPS estimate being $0.72.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Cincinnati Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Commercial Lines Insurance - Combined ratio: 96.9% compared to the 102.21% average estimate based on four analysts.
- Excess & Surplus - Combined ratio: 92.2% compared to the 92.28% average estimate based on four analysts.
- Personal Lines Insurance - Combined ratio: 107.6% compared to the 106.18% average estimate based on four analysts.
- Commercial Lines Insurance - Loss and loss expenses: 66.4% compared to the 69.96% average estimate based on four analysts.
- Excess & Surplus- Earned premiums: $132 million versus the four-analyst average estimate of $135.33 million.
- Revenues- Property Casualty Insurance- Fee revenues: $3 million versus the four-analyst average estimate of $2 million.
- Revenues- Life Insurance Subsidiary: $127 million versus the four-analyst average estimate of $114.90 million. The reported number represents a year-over-year change of +6.7%.
- Revenues- Commercial lines insurance: $1.07 billion compared to the $1.07 billion average estimate based on four analysts. The reported number represents a change of +7.2% year over year.
- Revenues- Personal lines insurance: $494 million versus the four-analyst average estimate of $478.48 million. The reported number represents a year-over-year change of +19.3%.
- Revenues- Commercial lines insurance - Fee revenues: $1 million versus the four-analyst average estimate of $1 million.
- Revenues- Property Casualty Insurance- Earned premiums: $1.86 billion versus $1.89 billion estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +9.8% change.
- Revenues- Personal Lines Insurance- Earned premiums: $493 million compared to the $477.73 million average estimate based on four analysts. The reported number represents a change of +19.4% year over year.
View all Key Company Metrics for Cincinnati Financial here>>>Shares of Cincinnati Financial have returned +6.2% over the past month versus the Zacks S&P 500 composite's +3.8% 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.