Axis Capital Holdings Limited Third Quarter Earnings Sneak Peek

Axis Capital Holdings Limited (NASDAQ:AXS) will unveil its latest earnings on Tuesday, November 1, 2011. 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 income of 76 cents per share, a decline of 37.7% from the company’s actual earnings for the same quarter a year ago. The average estimate is the same as three months ago. Between one and three months ago, the average estimate moved up. It has dropped from 81 cents during the last month. For the year, analysts are projecting a loss of 60 cents per share, a swing from profit of $4.60 last year.

Past Earnings Performance: The company is looking to top analyst estimates this quarter after trailing for the two previous quarters. Last quarter, it missed estimates by reporting net income of 50 cents per share against an estimate of profit of 51 cents per share. The quarter before that, it missed expectations by 28 cents.

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Wall St. Revenue Expectations: Analysts are projecting a rise of 4.2% in revenue from the year-earlier quarter to $652.5 million.

Analyst Ratings: Analysts are bullish on Axis Capital Holdings as six analysts rate it as a buy, none rate it as a sell and six rate it as a hold.

A Look Back: In the second quarter, profit fell 48.5% to $110.3 million (79 cents a share) from $214.1 million ($1.51 a share) the year earlier, missing analyst expectations. Revenue rose 16% to $977.6 million from $842.4 million.

Key Stats:

Revenue has risen the past four quarters. Revenue rose 13.7% in the first quarter from the year earlier, climbed 8.7% in the fourth quarter of the last fiscal year from the year-ago quarter and more than twofold in the third quarter of the last fiscal year.

Competitors to Watch: Aspen Insurance Hldgs. Ltd. (NYSE:AHL), Validus Holdings, Ltd. (NYSE:VR), RenaissanceRe Hldgs. Ltd. (NYSE:RNR), PartnerRe Ltd. (NYSE:PRE), Flagstone Reinsurance Hldgs. SA (NYSE:FSR), Platinum Underwriters Hldgs., Ltd. (NYSE:PTP), Montpelier Re Hldgs. Ltd. (NYSE:MRH), Everest Re Group, Ltd. (NYSE:RE), and Maiden Holdings, Ltd. (NASDAQ:MHLD).

Stock Price Performance: During September 28, 2011 to October 26, 2011, the stock price had risen $5.86 (23.4%) from $25.08 to $30.94. The stock price saw one of its best stretches over the last year between July 18, 2011 and July 26, 2011 when shares rose for seven-straight days, rising 4.4% (+$1.36) over that span. It saw one of its worst periods between April 28, 2011 and May 11, 2011 when shares fell for 10-straight days, falling 6.2% (-$2.19) over that span. Shares are down $4.11 (-11.7%) year to date.

(Source: Xignite Financials)

Investing Insights: Here’s Why Chipotle’s Stock Keeps Winning.