Global specialty insurer AXIS Capital Holdings Limited (NYSE: AXS) will be reporting earnings this Tuesday after market hours. Here’s what you need to know.
AXIS Capital missed analysts’ revenue expectations by 7.6% last quarter, reporting revenues of $1.52 billion, up 6.2% year on year. It was a slower quarter for the company, with a significant miss of analysts’ net premiums earned estimates and a significant miss of analysts’ book value per share estimates.
Is AXIS Capital a buy or sell going into earnings? Read our full analysis here, it’s free.
This quarter, analysts are expecting AXIS Capital’s revenue to grow 13% year on year to $1.64 billion, improving from the 4.8% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.93 per share.
Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. AXIS Capital has missed Wall Street’s revenue estimates four times over the last two years.
Looking at AXIS Capital’s peers in the insurance segment, some have already reported their Q2 results, giving us a hint as to what we can expect. RenaissanceRe delivered year-on-year revenue growth of 13.4%, beating analysts’ expectations by 8.7%, and Stewart Information Services reported revenues up 20.1%, topping estimates by 9.2%. RenaissanceRe’s stock price was unchanged after the resultswhile Stewart Information Services was up 10.3%.
Read our full analysis of RenaissanceRe’s results here and Stewart Information Services’s results here.
The euphoria surrounding Trump’s November win lit a fire under major indices, but potential tariffs have caused the market to do a 180 in 2025. While some of the insurance stocks have shown solid performance in this choppy environment, the group has generally underperformed, with share prices down 3.5% on average over the last month. AXIS Capital is down 6.6% during the same time and is heading into earnings with an average analyst price target of $113.13 (compared to the current share price of $96.98).
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