Have you been eager to see how CNA Financial Corporation CNA performed in the first quarter in comparison with the market expectations? Let’s quickly scan through the key facts from this Illinois based multiline insurer’s earnings release this morning.
An Earnings Beat
CNA Financial reported earnings per share of $1.17 per share, beating the Zacks Consensus Estimate of $1.04.
CNA Financial Corporation Price and EPS Surprise
CNA Financial Corporation Price and EPS Surprise | CNA Financial Corporation Quote
How Was the Estimate Revision Trend?
You should note that there was no earnings momentum for CNA Financial prior to the earnings release. CNA Financial has a decent earnings surprise history. The company surpassed the Zacks Consensus Estimate in three of the last four trailing four quarters.
• Net written premiums of $1.8 billion decreased 0.4% year over year.
• Combined ratio deteriorated 470 basis points year over year.
• Book value as of Mar 31, 2019 was $43.38 per share, down 2.6% Dec 31, 2018.
• Return in equity was 10.7%.
What Zacks Rank Says
CNA Financial carries Zacks Rank #3 (Hold). However, since the latest earnings performance is yet to be reflected in the estimate revisions, the rank is subject to change. Now it all depends on what sense the just-released report makes to the analysts. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Check back later for our full write up on this CNA earnings report later!
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CNA Financial Corporation (CNA) : Free Stock Analysis Report
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