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Compared to Estimates, Axis Capital (AXS) Q2 Earnings: A Look at Key Metrics
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Axis Capital (AXS - Free Report) reported $1.5 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.8%. EPS of $2.93 for the same period compares to $2.23 a year ago.
The reported revenue represents a surprise of +2.86% over the Zacks Consensus Estimate of $1.46 billion. With the consensus EPS estimate being $2.52, the EPS surprise was +16.27%.
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.
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 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
: 58.7% versus the three-analyst average estimate of 57%.
Combined Ratio - Total
: 90.4% versus the three-analyst average estimate of 91.1%.
Acquisition Cost Ratio - Total
: 20.3% versus the two-analyst average estimate of 20.2%.
Net investment income
: $190.98 million versus $163.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +39.6% change.
Net premiums earned
: $1.30 billion compared to the $1.30 billion average estimate based on three analysts. The reported number represents a change of +3.1% year over year.
Other insurance related income (loss)
: $8.53 million versus the two-analyst average estimate of $6.17 million. The reported number represents a year-over-year change of +54.3%.
Shares of Axis Capital have returned +5.3% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Compared to Estimates, Axis Capital (AXS) Q2 Earnings: A Look at Key Metrics
Axis Capital (AXS - Free Report) reported $1.5 billion in revenue for the quarter ended June 2024, representing a year-over-year increase of 6.8%. EPS of $2.93 for the same period compares to $2.23 a year ago.
The reported revenue represents a surprise of +2.86% over the Zacks Consensus Estimate of $1.46 billion. With the consensus EPS estimate being $2.52, the EPS surprise was +16.27%.
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.
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 Axis Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Axis Capital here>>>Net loss and loss expense ratio - Total
: 58.7% versus the three-analyst average estimate of 57%.Combined Ratio - Total
: 90.4% versus the three-analyst average estimate of 91.1%.Acquisition Cost Ratio - Total
: 20.3% versus the two-analyst average estimate of 20.2%.Net investment income
: $190.98 million versus $163.88 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +39.6% change.Net premiums earned
: $1.30 billion compared to the $1.30 billion average estimate based on three analysts. The reported number represents a change of +3.1% year over year.Other insurance related income (loss)
: $8.53 million versus the two-analyst average estimate of $6.17 million. The reported number represents a year-over-year change of +54.3%.Shares of Axis Capital have returned +5.3% over the past month versus the Zacks S&P 500 composite's +0.1% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.