Axis Capital Holdings Q4 Adj EPS $2.94 Beats $2.59 Estimate, Sales $1.48B Miss $1.62B Estimate
Portfolio Pulse from totan@benzinga.com
Axis Capital Holdings (NYSE:AXS) reported Q4 adjusted EPS of $2.94, surpassing the consensus estimate of $2.59 by 13.51%, and marking a 50.77% increase from $1.95 per share a year ago. However, their quarterly sales of $1.48B fell short of the expected $1.62B by 8.58%, though it was a 2.28% increase from the previous year.
January 31, 2024 | 9:17 pm
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NEUTRAL IMPACT
Axis Capital Holdings reported higher-than-expected Q4 EPS but missed revenue estimates, with a slight increase in sales compared to last year.
The mixed earnings report from Axis Capital Holdings, with a positive surprise on EPS but a miss on revenue, is likely to have a neutral short-term impact on the stock price. Investors may weigh the strong earnings growth against the revenue shortfall, leading to a balanced market reaction.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100