Property casualty insurer Cincinnati Financial (NASDAQ:CINF) will be announcing earnings results this Monday after market hours. Here’s what you need to know.
Cincinnati Financial met analysts’ revenue expectations last quarter, reporting revenues of $2.87 billion, up 12.1% year on year. It was an exceptional quarter for the company, with an impressive beat of analysts’ book value per share estimates and a beat of analysts’ EPS estimates.
Is Cincinnati Financial a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.
This quarter, analysts are expecting Cincinnati Financial’s revenue to grow 10.1% year on year to $2.92 billion, slowing from the 14.7% increase it recorded in the same quarter last year. Adjusted earnings are expected to come in at $2.89 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. Cincinnati Financial has missed Wall Street’s revenue estimates four times over the last two years.
Looking at Cincinnati Financial’s peers in the property & casualty insurance segment, some have already reported their Q4 results, giving us a hint as to what we can expect. Stewart Information Services delivered year-on-year revenue growth of 19.6%, beating analysts’ expectations by 2.5%, and Allstate reported revenues up 3.4%, topping estimates by 3.5%. Stewart Information Services traded up 2.9% following the results while Allstate was also up 3.9%.
Read our full analysis of Stewart Information Services’s results here and Allstate’s results here.
Investors in the property & casualty insurance segment have had steady hands going into earnings, with share prices flat over the last month. Cincinnati Financial’s stock price was unchanged during the same time and is heading into earnings with an average analyst price target of $174.80 (compared to the current share price of $161.00).
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