Arch Capital Group Ltd expected to post earnings of $1.58 a share - Earnings Preview

Arch Capital

25/07/2023 01:10

* Arch Capital Group Ltd  ACGL.OQ   ACGL.O  is expected
to show a
rise in quarterly revenue when it reports  results on July 26. 
    * The Pembroke Bermuda-based   company is expected to report
 a
20.6% increase in revenue to $3.238 billion from $2.68 billion a
year ago, according to the mean estimate from 6 analysts, based
on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Arch Capital Group
Ltd is
for earnings of $1.58 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 12 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Arch
Capital
Group Ltd is $86.5​, above​ its last closing price of $81.19.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Mar. 31 2023  1.45        1.45       1.73      Beat    19.6
 Dec. 31 2023  1.34        1.34       2.14      Beat    60
 Sep. 30 2022  0.18        0.17       0.28      Beat    65.7​
 Jun. 30 2022  1.08        1.09       1.34      Beat    23.3
 ​​Mar.        1.04        1.06       1.10      Beat    3.8
 31 2022                                                
 Dec. 31 2021  1.01        1.00       1.27      Beat    27.2​
 Sep. 30 2021  0.37        0.36       0.74      Beat    108
 Jun. 30 2021  0.90        0.85       1.00      Beat    18.3
 This summary was machine generated July 25 at 00:10 GMT.  All
figures in US dollars  unless otherwise stated