Analysts expect higher profit for XL Group when the company reports its third quarter results on Monday, October 27, 2014. The consensus estimate is calling for profit of 62 cents a share, reflecting a rise from 53 cents per share a year ago.
Over the past three months, the consensus estimate has risen from 47 cents. Analysts are projecting earnings of $3.35 per share for the fiscal year. Analysts look for revenue to decrease 24% year-over-year to $1.43 billion for the quarter, after being $1.88 billion a year ago. For the year, revenue is expected to come in at $5.72 billion.
XL's loss in the last quarter came after two previous quarters of profit.
Over the last four quarters, revenue has fallen an average of 1% year-over-year. The biggest drop came in the first quarter, when revenue fell 4% from the year-earlier quarter.
The majority of analysts (73%) rate XL as a buy. This compares favorably to the analyst ratings of seven similar companies, which average 32% buys.
Earnings estimates provided by Zacks.
Narrative Science, through its proprietary artificial intelligence platform, transforms data into stories and insights.
