Axis Capital (AXS) Tops Q1 Earnings Estimates

分组1 - Axis Capital reported quarterly earnings of $2.57 per share, exceeding the Zacks Consensus Estimate of $2.54 per share, and up from $2.33 per share a year ago, representing an earnings surprise of 1.18% [1] - The company posted revenues of $1.43 billion for the quarter ended March 2024, which was 2.85% below the Zacks Consensus Estimate, compared to $1.36 billion in the same quarter last year [1] - Over the last four quarters, Axis Capital has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [1] 分组2 - Axis Capital shares have increased approximately 10.8% since the beginning of the year, outperforming the S&P 500's gain of 5.6% [2] - The current consensus EPS estimate for the upcoming quarter is $2.72 on revenues of $1.45 billion, and for the current fiscal year, it is $10.18 on revenues of $5.94 billion [4] - The Zacks Industry Rank for Insurance - Property and Casualty is currently in the top 22% of over 250 Zacks industries, indicating a favorable outlook for the sector [5]