Axis Capital (AXS) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates

Axis Capital (AXS) reported $1.58 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 6.2%. EPS of $2.71 for the same period compares to $2.34 a year ago.The reported revenue represents a surprise of +0.40% over the Zacks Consensus Estimate of $1.57 billion. With the consensus EPS estimate being $2.50, the EPS surprise was +8.40%.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 Axis Capital performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Combined Ratio - Total: 93.1% versus the three-analyst average estimate of 93.5%. Net loss and loss expense ratio - Total: 60.9% versus the three-analyst average estimate of 61.3%. Net loss and loss expense ratio - Insurance: 58.9% compared to the 57.8% average estimate based on two analysts. General and Administrative Expense Ratio - Reinsurance: 3.6% compared to the 5.2% average estimate based on two analysts. Acquisition Cost Ratio - Total: 20.1% versus 19.5% estimated by two analysts on average. Acquisition Cost Ratio - Insurance: 19.9% versus the two-analyst average estimate of 17.9%. Acquisition Cost Ratio - Reinsurance: 20.9% compared to the 23.6% average estimate based on two analysts. Net investment income: $205.10 million versus the three-analyst average estimate of $179.21 million. The reported number represents a year-over-year change of +33%. Net premiums earned: $1.37 billion versus the three-analyst average estimate of $1.38 billion. The reported number represents a year-over-year change of +3.3%. Other insurance related income (loss): $6.84 million versus the two-analyst average estimate of $8.77 million. The reported number represents a year-over-year change of -33.9%. Net premiums earned- Insurance Segment: $1.02 billion versus the two-analyst average estimate of $974.57 million. The reported number represents a year-over-year change of +15.6%. Net premiums earned- Reinsurance Segment: $342.85 million versus $415.19 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -21.5% change. View all Key Company Metrics for Axis Capital here>>>Shares of Axis Capital have returned +0.6% over the past month versus the Zacks S&P 500 composite's +1.8% 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.Zacks Names #1 Semiconductor StockIt'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 >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Axis Capital Holdings Limited (AXS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks