Axis Capital Holdings Earnings Preview: Get Ahead of the Analysts

Axis Capital Holdings (NYSE:AXS) will report earnings after markets close on Thursday, April 25th. Axis Capital Holdings Limited provides specialty lines and treaty reinsurance on a global basis. Specialty lines primarily includes onshore and offshore energy, aviation and aerospace, commercial property and marine. Treaty reinsurance covers catastrophe risks such as property, Workers’ Compensation, professional liability, casualty, and marine and aviation.

Here is your Cheat Sheet to Axis Capital Holdings Earnings:

Earnings Expectations: Analysts expect earnings of $1.13 per share on revenues of $1.43 billion. Currently, the company’s P/E ratio stands at 10.34.

Analyst Trends:

Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.05 to a profit $1.13. For the current year, the average estimate is a profit of $4.26, which is better than the estimate ninety days ago.

Earnings Trends:

Here’s how Axis Capital Holdings has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,810 2,815 3,551 3,801 3,927
Diluted EPS ($)

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 945.73 977.51 955.76 1,018 975.46
Diluted EPS ($) 1.01 0.96 1.35 1.82 -0.13

Past Performance:
Axis Capital Holdings has beat analyst estimates 2 times in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)