Chubb (CB) Beats Q3 Earnings Estimates

Group 1 - Chubb reported quarterly earnings of $5.72 per share, exceeding the Zacks Consensus Estimate of $4.93 per share, and showing an increase from $4.95 per share a year ago, resulting in an earnings surprise of 16.02% [1] - The company posted revenues of $15.01 billion for the quarter ended September 2024, which was 1.56% below the Zacks Consensus Estimate, but an increase from $14.09 billion year-over-year [2] - Chubb's shares have increased approximately 28.3% since the beginning of the year, outperforming the S&P 500's gain of 22.1% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $5.76 on revenues of $14.4 billion, and for the current fiscal year, it is $21.30 on revenues of $56.55 billion [7] - The Zacks Industry Rank for Insurance - Property and Casualty is in the top 39% of over 250 Zacks industries, indicating a favorable outlook for the industry [8]