Travelers Likely To Report Higher Q1 Earnings; Here Are The Recent Forecast Changes From Wall Street's Most Accurate Analysts
Portfolio Pulse from Avi Kapoor
The Travelers Companies, Inc. (TRV) is anticipated to report higher Q1 earnings with an expected EPS of $4.90, up from $4.11 year-over-year, and revenue forecasted at $10.51 billion versus $9.4 billion. Following record Q4 earnings, TRV's stock rose 0.9% to $223.12. Analysts from Citigroup, Piper Sandler, UBS, Raymond James, and RBC Capital have updated their ratings and price targets, reflecting a mix of Neutral and Strong Buy positions.
April 17, 2024 | 6:13 am
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Travelers Companies expected to report higher Q1 earnings with significant year-over-year growth in EPS and revenue. Stock rose 0.9% after record Q4 earnings.
The anticipation of higher Q1 earnings and recent record Q4 performance are positive indicators for TRV's stock. Analysts' upgrades and positive ratings further support potential short-term price appreciation.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100