Quarterly earnings were $0.90 per share, missing the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.25 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -9.09%. A quarter ago, it was expected that this insurance holding company would post earnings of $1.17 per share when it actually produced earnings of $1.16, delivering a surprise of -0.85%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
CNA Financial, which belongs to the Zacks Insurance - Property and Casualty industry, posted revenues of $2.59 billion for the quarter ended June 2022, missing the Zacks Consensus Estimate by 0.84%. This compares to year-ago revenues of $2.63 billion. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CNA Financial shares have lost about 3.8% since the beginning of the year versus the S&P 500's decline of -13.3%.