Axis Capital Holdings Limited (NYSE:AXS) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are loss of $ 0.48 per share.
For the full year, analysts predict revenues of $ 4452.63 million, while looking forward to loss of $ 0.6 per share.
Previous Quarter Performance
Axis Capital Holdings Limited unfold income for the second quarter of $ 0.84 per share, from the revenue of $ 1,204.00 million. The quarterly earnings shrunk 48.15 percent while revenues improved 12.49 percent compared with the same quarter last year.
Wall street analysts are predicting, AXS to report 2Q20 income of $ 0.35 per share from revenue of $ 1051.74 million. The bottom line results beat street analysts by $ 0.49 or 140.00 percent, at the same time, top line results outshined analysts by $ 152.26 million or 14.48 percent.
Stock Performance
Shares of Axis Capital Holdings Limited traded low $ -1.17 or -2.51 percent on Tuesday, reaching $ 45.42 with volume of 511.20 thousand shares. Axis Capital Holdings Limited has traded high as $ 46.83 and has cracked $ 45.38 on the downward trend
According to the previous trading day, closing price of $ 45.42, representing a 46.42 % increase from the 52 week low of $ 31.82 and a 29.58 % decrease over the 52 week high of $ 66.16.
The company has a market capital of $ 3.83 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Recent Analyst recommendations
- On 14th October 2020, maintained by MKM Partners at Buy rating, with $ 55.00 target price.
AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. It operates through two segments, Insurance and Reinsurance. The Insurance segment offers property insurance products for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance products covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance products.
