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Compared to Estimates, CNA Financial (CNA) Q2 Earnings: A Look at Key Metrics
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For the quarter ended June 2024, CNA Financial (CNA - Free Report) reported revenue of $3.13 billion, up 6.7% over the same period last year. EPS came in at $1.19, compared to $1.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.08 billion, representing a surprise of +1.37%. The company delivered an EPS surprise of -1.65%, with the consensus EPS estimate being $1.21.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 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: 94.8% compared to the 93.1% average estimate based on two analysts.
Expense Ratio-Total Property & Casualty: 30.7% versus the two-analyst average estimate of 31%.
Loss & LAE ratio- Total Property & Casualty: 63.8% versus 61.8% estimated by two analysts on average.
Non-insurance warranty revenue: $404 million compared to the $422.25 million average estimate based on two analysts. The reported number represents a change of -0.7% year over year.
Net Earned Premiums: $2.50 billion versus $2.48 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.
Other Revenues: $9 million versus the two-analyst average estimate of $7.80 million. The reported number represents a year-over-year change of +28.6%.
Net investment income: $618 million versus $595.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
Shares of CNA Financial have returned +5.3% over the past month versus the Zacks S&P 500 composite's -0.2% 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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Compared to Estimates, CNA Financial (CNA) Q2 Earnings: A Look at Key Metrics
For the quarter ended June 2024, CNA Financial (CNA - Free Report) reported revenue of $3.13 billion, up 6.7% over the same period last year. EPS came in at $1.19, compared to $1.13 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $3.08 billion, representing a surprise of +1.37%. The company delivered an EPS surprise of -1.65%, with the consensus EPS estimate being $1.21.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
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 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: 94.8% compared to the 93.1% average estimate based on two analysts.
- Expense Ratio-Total Property & Casualty: 30.7% versus the two-analyst average estimate of 31%.
- Loss & LAE ratio- Total Property & Casualty: 63.8% versus 61.8% estimated by two analysts on average.
- Non-insurance warranty revenue: $404 million compared to the $422.25 million average estimate based on two analysts. The reported number represents a change of -0.7% year over year.
- Net Earned Premiums: $2.50 billion versus $2.48 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.4% change.
- Other Revenues: $9 million versus the two-analyst average estimate of $7.80 million. The reported number represents a year-over-year change of +28.6%.
- Net investment income: $618 million versus $595.56 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +7.5% change.
View all Key Company Metrics for CNA Financial here>>>Shares of CNA Financial have returned +5.3% over the past month versus the Zacks S&P 500 composite's -0.2% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.