Chubb(US:CB) ZACKS·2024-08-28 22:50Core Insights - Chubb's stock closed at $278.71, reflecting a +0.54% change, outperforming the S&P 500's daily loss of 0.6% [1] - The company is expected to report earnings of $4.86 per share, a year-over-year decline of 1.82%, with projected revenue of $14.51 billion, a 2.98% increase compared to the previous year [2] - For the full year, earnings are projected at $21.20 per share and revenue at $54.13 billion, representing changes of -5.94% and +6.03% respectively from the prior year [3] Analyst Estimates - Recent changes in analyst estimates for Chubb are crucial as they reflect short-term business trends, with upward revisions indicating positive sentiment towards the company's operations [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Chubb at 3 (Hold), with the consensus EPS estimate having increased by 0.22% in the past month [6] Valuation Metrics - Chubb is trading at a Forward P/E ratio of 13.08, slightly above the industry average of 13.05, indicating a premium valuation [7] - The company's PEG ratio stands at 5.45, significantly higher than the industry average of 1.61, suggesting that Chubb's stock may be overvalued relative to its expected earnings growth [8] Industry Context - The Insurance - Property and Casualty industry, to which Chubb belongs, is currently ranked 25 in the Zacks Industry Rank, placing it in the top 10% of over 250 industries [8][9]