Arch Capital Group Ltd expected to post earnings of $2.03 a share - Earnings Preview

Arch Capital

12/02/2024 22:19

* Arch Capital Group Ltd  ACGL.OQ   ACGL.O  is expected
to show a
rise in quarterly revenue when it reports  results on February
14 for the period ending December 31 2023
    * The Pembroke Bermuda-based   company is expected to report
a
5.0% increase in revenue to $3.187 billion from $3.03 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 $2.03 per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 13 "strong buy" or "buy," 5
"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 $96.00​, above​ its last closing price of $83.46.
​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  LSEG IBES  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  ESTIMATE             MET,    SE %
               E®                               MISSED  
 Sep. 30 2023  1.63        1.61       2.31      Beat    43.7
 Jun. 30 2023  1.61        1.58       1.92      Beat    21.2
 Mar. 31 2023  1.45        1.45       1.73      Beat    19.6​
 Dec. 31 2022  1.34        1.34       2.14      Beat    60
 ​​Sep.        0.18        0.17       0.28      Beat    65.7
 30 2022                                                
 Jun. 30 2022  1.08        1.09       1.34      Beat    23.3​
 Mar. 31 2022  1.04        1.06       1.10      Beat    3.8
 Dec. 31 2021  1.01        1.00       1.27      Beat    27.2
 This summary was machine generated February 12 at 22:19 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)