Arch Capital Group Ltd expected to post earnings of $1.96 a share - Earnings Preview

Arch Capital

29/10/2024 03:12

* Arch Capital Group Ltd  ACGL.OQ   ACGL.O  is expected
to show a
rise in quarterly revenue when it reports  results on October 30
for the period ending September 30 2024
    * The Pembroke Bermuda-based   company is expected to report
a
16.3% increase in revenue to $3.903 billion from $3.36 billion a
year ago, according to the mean estimate from 6 analysts, based
on LSEG data. (Sales/Revenue Majority Basis is on Net Premiums
Written, including only 11% stake in Watford)
    * ​LSEG's mean analyst estimate for Arch Capital Group Ltd
is for
earnings of $1.96 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 4
"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 $125.00​, above​ its last closing price of $105.66.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Jun. 30 2024  2.20        2.21       2.57      Beat    16.4
 Mar. 31 2024  2.10        2.10       2.45      Beat    16.8
 Dec. 31 2023  2.01        2.03       2.49      Beat    22.8​
 Jan. 1 0001   1.63        1.61       2.31      Beat    43.7
 ​​Jan.        1.61        1.58       1.92      Beat    21.2
 1 0001                                                 
 Mar. 31 2023  1.45        1.45       1.73      Beat    19.6​
 Sep. 30 2022  1.34        1.34       2.14      Beat    60
 Sep. 30 2022  0.18        0.17       0.28      Beat    65.7
 This summary was machine generated October 29 at 03:11 GMT.  All
figures in US dollars unless otherwise stated. (For questions
concerning the data in this report, contact
Estimates.Support@lseg.com. For any other questions or feedback,
contact RefinitivNewsSupport@thomsonreuters.com)