Travelers expected to post slight dip in quarterly revenue
TRV•Travelers is expected to report quarterly revenue down 1% to $11.38 billion and adjusted EPS of $7.42, compared with $8.14 a year earlier. Results are due before Friday’s opening bell.
1. Earnings expectations
Analysts expect the property and casualty insurer to post quarterly revenue down 1% to $11.38 billion and adjusted EPS of $7.42, compared with $8.14 a year earlier. Travelers’ previous quarterly profit, reported in July, beat estimates, boosted by lower catastrophe losses and robust investment income.
2. Analyst views
Travelers has rallied 31.5% year to date, compared with an approximately 13% rise for the S&P 500. The average rating from 31 analysts is “hold,” with six “buy” ratings, 20 “holds” and five “sells”; the stock recently traded at 12 times expected earnings, in line with its five-year average.
