AXIS Capital Holdings Ltd reports results for the quarter ended March 31 - Earnings Summary

• AXIS Capital Holdings Ltd AXS.N reported quarterly adjusted earnings of $3.17​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $2.57. The mean expectation of ten analysts for the quarter was for earnings of $2.67 per share. Wall Street expected results to range from $2.50 to $2.89 per share.

• Revenue fell 39.3% to $1.04 billion from a year ago; analysts expected $1.79 billion.

• AXIS Capital Holdings Ltd's reported EPS for the quarter was $2.26​.

• The company reported quarterly net income of $186.51 million.

• AXIS Capital Holdings Ltd shares had fallen by 3.4% this quarter and gained 9.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 8.7% in the last three months.​

• In the last 30 days, five analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy," 4 "hold" and no "sell" or "strong sell." The average consensus recommendation for the multiline insurance & brokers peer group is also "buy"

• Wall Street's median 12-month price target for AXIS Capital Holdings Ltd is $112.00

This summary was machine generated from LSEG data April 30 at 10:35 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)