Chubb (CB) Q3 Earnings Report Preview: What To Look For

Global insurance provider Chubb Limited (NYSE:CB) will be announcing earnings results this Tuesday afternoon. Here’s what investors should know.

Chubb beat analysts’ revenue expectations last quarter, reporting revenues of $15.77 billion, up 6.5% year on year. It was a slower quarter for the company, with a significant miss of analysts’ book value per share estimates and a miss of analysts’ net premiums earned estimates.

Is Chubb a buy or sell going into earnings? Read our full analysis here, it’s free for active Edge members.

This quarter, the market is expecting Chubb’s revenue to grow 5% year on year, slowing from the 7.5% increase it recorded in the same quarter last year.

Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business will stay the course heading into earnings. Chubb has missed Wall Street’s revenue estimates multiple times over the last two years.

Looking at Chubb’s peers in the insurance segment, some have already reported their Q3 results, giving us a hint as to what we can expect. Travelers posted flat year-on-year revenue, beating analysts’ expectations by 0.7%, and Progressive reported revenues up 3%, falling short of estimates by 0.8%. Progressive traded down 4.1% following the results.

Read our full analysis of Travelers’s results here and Progressive’s results here.

Investors in the insurance segment have had steady hands going into earnings, with share prices up 1.4% on average over the last month. Chubb is up 6.3% during the same time and is heading into earnings with an average analyst price target of $366.78 (compared to the current share price of $358.55).

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