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CNA Financial (CNA) Earnings Expected to Grow: Should You Buy?
CNACNA(CNA) ZACKS·2024-10-28 15:06

Core Viewpoint - Wall Street anticipates a year-over-year increase in earnings for CNA Financial, driven by higher revenues, with a focus on how actual results compare to estimates impacting stock price [1][2]. Company Summary - CNA Financial is expected to report quarterly earnings of 1.11pershare,reflectingayearoveryearincreaseof4.71.11 per share, reflecting a year-over-year increase of 4.7% [3]. - Projected revenues for the quarter are 3.15 billion, which is a 6.3% increase from the previous year [3]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. Earnings Surprise Prediction - The Most Accurate Estimate for CNA Financial is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -5.41%, suggesting a bearish outlook from analysts [10]. - The stock currently holds a Zacks Rank of 3 (Hold), complicating predictions of an earnings beat [11]. Historical Performance - In the last reported quarter, CNA Financial was expected to post earnings of 1.21persharebutdelivered1.21 per share but delivered 1.19, resulting in a surprise of -1.65% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [13]. Industry Context - In the Zacks Insurance - Property and Casualty industry, Arch Capital Group is expected to report earnings of 1.98pershare,indicatingayearoveryeardeclineof14.31.98 per share, indicating a year-over-year decline of 14.3% [17]. - Arch Capital's revenue is projected at 4.04 billion, a 14.9% increase from the previous year [17]. - Despite a 1% downward revision in the consensus EPS estimate for Arch Capital, a higher Most Accurate Estimate results in an Earnings ESP of 7.91%, suggesting a likely earnings beat [18].