Travelers(US:TRV) ZACKS·2024-10-17 13:10Company Performance - Travelers reported quarterly earnings of $5.24 per share, exceeding the Zacks Consensus Estimate of $3.79 per share, and up from $1.95 per share a year ago, representing an earnings surprise of 38.26% [1] - The company posted revenues of $11.85 billion for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 1.42%, and an increase from $10.7 billion year-over-year [1] - Over the last four quarters, Travelers has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times [1] Stock Performance - Travelers shares have increased approximately 27.5% since the beginning of the year, outperforming the S&P 500's gain of 22.5% [2] - The current Zacks Rank for Travelers is 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [4] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $6.15 on revenues of $11.89 billion, and for the current fiscal year, it is $17.09 on revenues of $46.11 billion [4] - The trend of estimate revisions for Travelers is mixed, and changes in estimates for the coming quarters and current fiscal year are anticipated following the recent earnings report [4] Industry Context - The Insurance - Property and Casualty industry is currently in the top 23% of over 250 Zacks industries, indicating a favorable outlook for stocks within this sector [5] - Another company in the same industry, Selective Insurance, is expected to report quarterly earnings of $1.69 per share, reflecting a year-over-year change of +11.9%, with revenues projected at $1.24 billion, up 14.3% from the previous year [5][6]