Axis Capital Holdings Q3 2024 Adj. EPS $2.04 Misses $2.55 Estimate, Sales $1.610B Beat $1.356B Estimate
Portfolio Pulse from Benzinga Newsdesk
Axis Capital Holdings reported Q3 2024 earnings per share of $2.04, missing the consensus estimate of $2.55. However, the company exceeded sales expectations with $1.610 billion, surpassing the $1.356 billion estimate and marking a 12.27% increase from the previous year.
October 30, 2024 | 8:29 pm
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Axis Capital Holdings reported lower-than-expected Q3 2024 EPS of $2.04, missing the $2.55 estimate. However, sales were strong at $1.610 billion, beating the $1.356 billion estimate and showing a 12.27% year-over-year increase.
The mixed earnings report for Axis Capital Holdings shows a significant EPS miss, which could negatively impact investor sentiment. However, the strong sales performance, beating estimates and showing year-over-year growth, may offset some of the negative impact. Overall, the short-term impact on the stock price is likely to be neutral as investors weigh the earnings miss against the sales beat.
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