Mark your calendars for Thursday 24th October 2024, as Cincinnati Financial Corporation (NASDAQ: CINF) is set to unveil its third quarter financial results. This highly anticipated announcement will be made after market close, giving investors and market participants a chance to assess the company's financial performance.
the firm is poised to announce an estimated $1.46 profit per share for the quarter, as predicted by financial experts on Wall Street. Additionally, the firm is expected to reveal a total revenue of $2.53 billion for this period.
When examining the earnings report from the corresponding quarter of the previous year, it is evident that the company showcased per-share income of $1.66. This numbers can be credited to the company's total revenue, which amounted to an impressive $2.27 billion during the same quarter.
Wall Street analysts have offered their forecasts for the company's yearly performance, predicting a total revenue of $10.59 billion. Additionally, they are expecting the company to report profit of $6.57 per share for the fiscal year 2024.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Historical Earnings Insight | ||||
| Q2 2024 | $1.29 | +6.6% | 2.41 B | +10.9% |
| Q1 2024 | $1.72 | +93.3% | 2.32 B | +8.8% |
| Q4 2023 | $2.28 | +79.5% | 2.31 B | +10.8% |
| Q3 2023 | $1.66 | +127.4% | 2.27 B | +8.9% |
| Q2 2023 | $1.21 | +86.2% | 2.17 B | +10.0% |
| *Growth on year-over-year basis | ||||
CINF will host a conference call with investment community on 25th October 2024 at 11:00 AM eastern time to discuss the financial results.
Cincinnati Financial Corporation (CINF) shares experienced a range of $137.03 to $139.64 on a day volume of 428.30 thousand shares. The stock closed Tuesday's regular trading session at $138.60, reflecting a 1.12 percent decline.
