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.
CNA Financial (CNA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
Read MoreHide Full Article
For the quarter ended March 2024, CNA Financial (CNA - Free Report) reported revenue of $3.06 billion, up 10% over the same period last year. EPS came in at $1.30, compared to $1.19 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +4.14%. The company delivered an EPS surprise of -5.11%, with the consensus EPS estimate being $1.37.
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 CNA Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Combined ratio-Total Property & Casualty: 94.6% versus the two-analyst average estimate of 94.7%.
Expense Ratio-Total Property & Casualty: 30.1% compared to the 31.8% average estimate based on two analysts.
Loss & LAE ratio- Total Property & Casualty: 64.1% compared to the 62.6% average estimate based on two analysts.
Non-insurance warranty revenue: $407 million versus $428.91 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
Net Earned Premiums: $2.44 billion compared to the $2.35 billion average estimate based on two analysts. The reported number represents a change of +8.6% year over year.
Other Revenues: $9 million versus $6.62 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +28.6% change.
Net investment income: $609 million versus $582.84 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
Shares of CNA Financial have returned +0.7% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform 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
CNA Financial (CNA) Q1 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended March 2024, CNA Financial (CNA - Free Report) reported revenue of $3.06 billion, up 10% over the same period last year. EPS came in at $1.30, compared to $1.19 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.94 billion, representing a surprise of +4.14%. The company delivered an EPS surprise of -5.11%, with the consensus EPS estimate being $1.37.
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 CNA Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Combined ratio-Total Property & Casualty: 94.6% versus the two-analyst average estimate of 94.7%.
- Expense Ratio-Total Property & Casualty: 30.1% compared to the 31.8% average estimate based on two analysts.
- Loss & LAE ratio- Total Property & Casualty: 64.1% compared to the 62.6% average estimate based on two analysts.
- Non-insurance warranty revenue: $407 million versus $428.91 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a 0% change.
- Net Earned Premiums: $2.44 billion compared to the $2.35 billion average estimate based on two analysts. The reported number represents a change of +8.6% year over year.
- Other Revenues: $9 million versus $6.62 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +28.6% change.
- Net investment income: $609 million versus $582.84 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +16% change.
View all Key Company Metrics for CNA Financial here>>>Shares of CNA Financial have returned +0.7% over the past month versus the Zacks S&P 500 composite's -1.6% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.