Axis Capital Holdings Limited Fourth Quarter Earnings Sneak Peek

Axis Capital Holdings Limited (NYSE:AXS) will unveil its latest earnings tomorrow, Monday, February 4, 2013. Axis Capital Holdings, through its subsidiaries, provides a range of insurance and reinsurance products to insureds and reinsureds worldwide operations with main locations in Bermuda, the United States, and Europe.

Axis Capital Holdings Limited Earnings Preview Cheat Sheet

Wall St. Earnings Expectations: The average estimate of analysts is for net loss of $1.16 per share, a swing from net income of 53 cents in the year-earlier quarter. During the past three months, the average estimate has moved down from $1. Between one and three months ago, the average estimate moved down. It has risen from a loss of $1.19 during the last month. Analysts are projecting profit of $2.47 per share versus a loss of $1.26 last year.

Past Earnings Performance: The company beat estimates last quarter after falling short in the prior two. In the third quarter, the company reported net income of $1.63 per share versus a mean estimate of profit of $1.01 per share. In the second quarter, the company missed estimates by 3 cents.

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A Look Back: In the third quarter, profit rose 4.9% to $232.1 million ($1.82 a share) from $221.3 million ($1.66 a share) the year earlier, exceeding analyst expectations. Revenue rose 7.4% to $1.02 billion from $948.1 million.

Here’s how Axis Capital Holdings Limited traded following its last earnings report 3 months ago and leading up to its upcoming earnings report this week:

axs

Wall St. Revenue Expectations: Analysts predict a rise of 3.5% in revenue from the year-earlier quarter to $512.3 million.

Analyst Ratings: With seven analysts rating the stock a buy, none rating it a sell and six rating the stock a hold, there are indications of a bullish stance by analysts. Over the past 90 days, the average rating for the stock has moved up from hold to moderate buy.

Key Stats:

On the top line, the company is hoping to build on a revenue increase last quarter. Revenue fell 2.2% in the second quarter after increasing in the third quarter.

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(Company fundamentals by Xignite Financials. Earnings estimates provided by Zacks)