Stock Analysis
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- NasdaqGS:CINF
Cincinnati Financial First Quarter 2024 Earnings: Beats Expectations
Cincinnati Financial (NASDAQ:CINF) First Quarter 2024 Results
Key Financial Results
- Revenue: US$2.94b (up 31% from 1Q 2023).
- Net income: US$755.0m (up 236% from 1Q 2023).
- Profit margin: 26% (up from 10.0% in 1Q 2023). The increase in margin was driven by higher revenue.
- EPS: US$4.82 (up from US$1.43 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Cincinnati Financial Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 17%. Earnings per share (EPS) also surpassed analyst estimates by 117%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.0% growth forecast for the Insurance industry in the US.
Performance of the American Insurance industry.
The company's shares are down 7.6% from a week ago.
Risk Analysis
It's still necessary to consider the ever-present spectre of investment risk. We've identified 1 warning sign with Cincinnati Financial, and understanding this should be part of your investment process.
Valuation is complex, but we're helping make it simple.
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About NasdaqGS:CINF
Cincinnati Financial
Cincinnati Financial Corporation, together with its subsidiaries, provides property casualty insurance products in the United States.
Solid track record with excellent balance sheet and pays a dividend.